EU says if US steel and aluminium tariffs target Europe it would be «deeply unfair»

EU trade commissioner Malmstrom out on the wires 2 March

  • EU is discussing measures such as bringing the issue to WTO, safeguards and possible retaliation

Also out:

  • German economy minister says US tariffs would distort world trade
  • Europe will respond accordingly if US follows through on tariff plan

Gloves potentially coming off in the great trade war . Let’s see what Mr T has to tweet on the matter later.
Euro doesn’t care though and EURUSD/EURGBP remain underpinned at 1.2275 and 0.8913
but with EURJPY still a little wobbly at
129.70.

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