Analysts at ING suggest that the more worrying thing is the structural damage a US-EU trade war would bring to the principle of free trade. Key Quotes “In the eyes of many, the US has already crossed the line by using national security as a justification for tariffs on steel and aluminium. But using this loophole to dodge WTO- rules for possible restrictions on the import of cars is a clear abuse of the rule-based system of international trade that the US itself has helped to build after World War II.” “With this abuse, the US has opened the door for other WTO members to break the rules too and Korea and Brazil have already done so. The ‘voluntary’ restraints that Korea and Brazil imposed on their steel and aluminium exports to the US are not allowed according to WTO rules. Other countries will be tempted to break the rules as well to avoid tariffs that the US threatens them with. The impact of the current talks and possible tariffs could, therefore, be far larger than the direct effects of the measures themselves.” 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 Italian politics and Fed to remain in the limelight – Westpac FX Street 5 years Analysts at ING suggest that the more worrying thing is the structural damage a US-EU trade war would bring to the principle of free trade. Key Quotes "In the eyes of many, the US has already crossed the line by using national security as a justification for tariffs on steel and aluminium. But using this loophole to dodge WTO- rules for possible restrictions on the import of cars is a clear abuse of the rule-based system of international trade that the US itself has helped to build after World War II." "With this abuse, the US has opened the door… Regulated 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.
