Primary focus is on achieving a negotiated outcome with the USWhile our priority is negotiations, we continue in parallel to prepare for all outcomesThat includes the potential for additional countermeasuresIn order to make our countermeasures clearer, we will merge lists 1 and 2 into a single list
The countermeasures proposed are a mix of tariffs and other curbs, namely the bloc’s Anti-Coercion Instrument (ACI). So, just be wary of that. As things stand, both sides are still trying to work towards a compromise and markets are taking heart from the US-Japan deal from earlier today. That said, do reminded that in Japan’s case we are seeing prime minister Ishiba being pressured into trying to make a last ditch attempt to stay relevant. So, it’s a different standing to the EU.
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This article was written by Justin Low at investinglive.com.