EUR / USD started declining when the news was published ..
Trump was not pleased with Google's tax in France. He is also not happy with the airlines' subsidies. His administration has said the tariffs on car manufacturers have been abolished, but when it comes to Trump, nothing is certain. The president continues his fire on China, and Pompeo's comments suggest relations with North Korea have not yet been settled. Iran also remains a thorn in the eyes of the president.
With his friend Boris Johnson as Prime Minister of the United Kingdom, he may be irritated by the EU's firm stance on Brexit negotiations. So the time has come for a little of their own medicine.
Certainly tariffs on Europe, immediately after the additional tariffs on China, will completely obscure sentiment in the markets and send the indices in shock.
We remain cautious.
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