Search ForexCrunch

Trump Weighs a new trade investigation to justify tariffs on EU, in an article written in the Politico.

Introduction paragraph

Trump administration officials are considering whether to start a new trade investigation against the European Union as the window closes for hitting Brussels with automobile tariffs, according to multiple people briefed on the issue.

Such a move would mean that European auto imports wouldn’t be subject to duties out of national security concerns, but the trading bloc would be subject to a much broader inquiry, the people said –  


FX implications:

More to come …