With the US tariffs on China taking effect and the latest round of a US-China trade war in the books and in the rearview mirror, the weekend brought fresh trade concerns stemming from the US’ current trade policies, and North Korea tensions are back on the rise as the recent visit from US State Secretary Mike Pompeo failed to achieve much of the new ground that US President Trump has been touting recently, while European leaders are beginning to come together against the US over trade, with France’s Finance Minister Bruno Le Maire giving warning statements directed at the US. The European Central Bank’s (ECB)Weidmann, who is the current contender for the ECB President’s seat, currently held by Mario Draghi, could see some contention for the position as new legal advice given to the ECB over the weekend implied that the ECB’s Coeure could see an elevation to president, a move that many had previously thought impossible under current EU laws. Weidmann has broken away from the ECB on several key issues in the past, including quantitative easing policies. The ECB is expected to make a final decision on a new central bank president next year, but the search for loopholes that would allow the ECB to install a different candidate warns of a growing rift within Europe’s key central banking authority. US Secretary of State Mike Pompeo brushed off talks with North Korea that took place over Friday and Saturday, where the North Korean foreign ministry issued a scathing statement just hours after Pompeo’s departure, claiming that US demands are going to lead to “a dangerous phase that might rattle our willingness for denuclearization that had been firm”. Pompeo tried to undercut the blatant statement, saying the two sides had made “progress on almost all the central issues”, but offered no specifics. The denuclearization of North Korea, a key platform for Donald Trump, appears to be running into trouble as North Korea becomes difficult to work with once again. French Finance Minister Bruno Le Maire spoke on Sunday, delivering key warnings on trade protectionism aimed squarely at the Trump administration and giving another round of threats that the EU will retaliate if provoked on trade: If tomorrow there is an increase in tariffs, like in the car industry, our reaction should be united and strong to show that Europe is a united and sovereign power. The question is no longer whether or not there will be a trade war, the war has already started. Let it be known that if we are attacked we will react collectively and we will react firmly. – Bruno Le Maire, via Reuters Incoming Mexican Economy Minister Graciela MÃ¡rquez spoke to the Financial Times over the weekend, stating that he believes US President Trump will be more willing to see a NAFTA deal as the current White House administration sees little forward momentum in most other avenues: I think he’s now willing to sign Nafta because he hasn’t really had anything completed other than the Korean negotiation. – Graciela MÃ¡rquez, via the Financial Times FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next AUD/USD trying to build a base above 0.74 for the new week FX Street 4 years With the US tariffs on China taking effect and the latest round of a US-China trade war in the books and in the rearview mirror, the weekend brought fresh trade concerns stemming from the US' current trade policies, and North Korea tensions are back on the rise as the recent visit from US State Secretary Mike Pompeo failed to achieve much of the new ground that US President Trump has been touting recently, while European leaders are beginning to come together against the US over trade, with France's Finance Minister Bruno Le Maire giving warning statements directed at the US.… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk.4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk.5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.