Germany’s Hardt says the US has made mistakes in US-EU trade relations

German trade coordinator talking to Reuters 9 March

  • US should have exempted European allies from punitive tariffs
  • it’s regrettable that Trump is acting for domestic reasons and seeking answers for US’ economic problems overseas
  • in the end there can only be losers, also in US due to punitive tariffs

Another broadside fired across the pond from Europe but falling on deaf ears.
Meanwhile FX markets mostly having a pre-NFP nap. USDCAD offering some opportunity though still with large expiries casting a shadow still.
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