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7 Mar 2018

EU's Malmstrom: US trade tariffs would damage transatlantic relations

Cecilia Malmstrom, EU's trade commissioner, was out on the wires in the last hour, commenting on the US President Donald Trump’s proposal to steep steel and aluminium tariffs.

• Have serious doubts about justification for steel and aluminium tariffs
• Still hopes that the EU will be excluded from US tariffs
• Talking to different partners to co-ordinate WTO challenge
• EU getting ready to put in place safeguard measures to prevent metal flooding into EU
• Root cause of problem with steel and aluminium is over capacity
• EU will respond to any tariffs in proportionate way

Mar 7, 2018

EUR/USD clings to gains above 1.24 handle ahead of ADP report

• On bids for the fifth consecutive session amid persistent USD weakness. • The up-move lacked strong conviction ahead of Thursday’s ECB deci

Confirming you are not from the U.S. or the Philippines

EU's Malmstrom: US trade tariffs would damage transatlantic relations

EUR/USD clings to gains above 1.24 handle ahead of ADP report

Chile Trade Balance registered at $1248M above expectations ($1100M) in February