This isn’t a big surprise given the politics and reality in Europe, along with its clout. The US seems to be trying to use the UK as a wedge but all trade negotiations in the EU are tough.
The deadline that matters for Europe is the 90 days after Liberation Day. If the US ramps up tariffs back to 20%, it could quickly turn into a China-like situation.
This article was written by Adam Button at www.forexlive.com.
