- I want to keep working on steel.
- Digital services taxes are also an area to keep working on.
- On China trade: I want to move forward in a positive way.
- I don't expect a big breakthrough today.
- I expect continued monitoring of the agreement so far.
- There is interest for both Trump and Xi to meet.
- We don't feel under pressure to have more deals.
- Trump more interested in good deals than quick deals.
- On India trade: need more negotiations, continue to speak to counterparts.
The markets closed the gaps that we got after the US-EU trade deal over the weekend. It might be just a "sell the fact" move as we already expected a 15% tariff since the FT report last week.
It's pretty clear that we will end up with tariffs in the 10-20% range and the deadlines, as we've seen already with China, will likely be extended to keep negotiating.
