In opinion of analysts at TD Securities, reports suggest that the Section 232 report on US auto imports could be released as soon as today.
Key Quotes
“The official deadline is 17 Feb, but it is also possible that the report is not released to the public until a later date. So far, it has been leaked that the report will propose three options: a 25% tariff rate, a 10% tariff rate, or duties on electric vehicles only.”
“The EU has also threatened retaliation with tariffs on electric vehicles including Tesla. The ECB’s Coeure speaks at 1pm GMT.”
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