European Commission vice president Jyrki Katainen speaks in Brussels
- Says that if US gives steel tariff exemption to Britain (he is referencing member states here), it would apply to EU as a whole
- Trying to convince US that imposing new tariffs on steel is not a good idea
- Past examples of US imposing steel tariffs led to "thousands and thousands" of US job losses
Yada, yada. At this point, the trade rhetoric is starting to turn into something like the Brexit rhetoric. But Katainen's not wrong, the market is indeed waiting with anticipation for Trump's next move.
