Tajani is quoted as saying that if no deal is struck with the US, the EU has already prepared a list of retaliatory tariffs amounting to €21 billion against the US to start with. That fits with what was touted over the weekend here. As the 9 July deadline is extended to 1 August now, both sides have another 17 days to strike a compromise of sorts. Tick tock, tick tock.
This article was written by Justin Low at www.forexlive.com.