A couple of snippets from analysts on Friday, that have proved prescient, comments indicating Trump’s tariff threats being viewed as hollow.
Vanguard:
investors expect the steep 50% tariff proposal on imports from the E.U. to be negotiated down, similarly to what happened with Chinamarket has slowed down now because it’s happened before, and we know what happened before “It’s kind of like the boy who cried wolf”administration is not crazy, they have a plan and there is a limit,” to how far they will go
Barclays:
threats on the EU are ‘primarily a negotiating tactic’”the US has not turned the page on tariffs and that more trade policy volatility lies ahead”
This article was written by Eamonn Sheridan at www.forexlive.com.