The EU is a big one here because it's the strongest trade bloc that the US is negotiating with. They will also find it very hard to compromise given all the countries involved in the negotiations. Ultimately, they will have to decide to roll over or fight back. I expect it will be contentious at some point.
“We will need to retaliate and rebalance in some key sectors if the US insists on an asymmetrical deal,” the EU’s industry chief, Stephane Sejourne, told Bloomberg News, including if the “outcome of the negotiations is that a 10% tariff remains.”
On the upside, the report says 'negotiations have gained speed'.
This article was written by Adam Button at www.forexlive.com. Read More Details
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