The World Trade Organization (WTO) has reportedly allowed the European Union (EU) to impose tariffs on US goods worth $4 billion, in response to the subsidies for the US planemaker Boeing Co, Reuters reported, citing people familiar with the matter. Key takeaways “Sources on both sides said EU tariffs on products such as Boeing jets, which must still be adopted formally by the WTO, were unlikely to be imposed before the Nov. 3 presidential election as Brussels seeks to avoid inflaming a bitter campaign.” “Both sides are expected to claim victory, however, with US sources pointing to the higher core tariffs in favor of Boeing.” Market reaction EUR/USD is consolidating its retreat from above 1.1750, thanks to the pullback in the US dollar across the board from its weekly lows. At the press time, the spot posts small losses to trade at 1.1735. 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 Asian Stock Market: Ignores upbeat China PMIs as US presidential debate disappoints FX Street 2 years The World Trade Organization (WTO) has reportedly allowed the European Union (EU) to impose tariffs on US goods worth $4 billion, in response to the subsidies for the US planemaker Boeing Co, Reuters reported, citing people familiar with the matter. Key takeaways “Sources on both sides said EU tariffs on products such as Boeing jets, which must still be adopted formally by the WTO, were unlikely to be imposed before the Nov. 3 presidential election as Brussels seeks to avoid inflaming a bitter campaign.” “Both sides are expected to claim victory, however, with US sources pointing to the higher core… 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.
