EU has strong plan to retaliate against US tariffs if necessary - von der Leyen ...Middle East

We do not necessarily want to retaliateBut if it is necessary, we have a strong plan to do so and we will use itWill assess US announcements carefully to give calibrated responseAll instruments are on the table for countermeasuresWe have the power to push back against US tariffs

At this stage, I reckon markets can still somewhat take Trump's tariffs in stride; though still dependent on how hard he is going to lay the hammer down tomorrow of course. But in a case where other countries and regions respond strongly with retaliatory measures, especially Europe and China, that's something that will potentially be a major drag for risk sentiment.

This article was written by Justin Low at www.forexlive.com.

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