- Primary focus is on achieving a negotiated outcome with the US
- While our priority is negotiations, we continue in parallel to prepare for all outcomes
- That includes the potential for additional countermeasures
- In order to make our countermeasures clearer, we will merge lists 1 and 2 into a single list
The countermeasures proposed are a mix of tariffs and other curbs, namely the bloc's Anti-Coercion Instrument (ACI). So, just be wary of that. As things stand, both sides are still trying to work towards a compromise and markets are taking heart from the US-Japan deal from earlier today. That said, do reminded that in Japan's case we are seeing prime minister Ishiba being pressured into trying to make a last ditch attempt to stay relevant. So, it's a different standing to the EU.
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