You may be sick of hearing about tariffs, but they are currently the catalyst for a huge amount of volatility in the market and a huge amount of trading opportunities.
And now Trump’s trade war has crossed the Atlantic
Today, the European Union announced retaliatory tariffs on approximately €26 billion worth of U.S. goods in response to President Donald Trump's recent increase in tariffs on steel and aluminum imports. Targeted products include Harley-Davidsons, bourbon, and jeans—key American exports that have been caught in previous trade disputes.
The EU has said it remains open to negotiation but has not ruled out further action.
In response, Trump vowed to retaliate, stating, “Of course I’m going to respond.” The daily chart for the EUR/USD shows the pair could fall into a larger corrective decline, given overbought RSI conditions.
And now Trump’s trade war has crossed the Atlantic
Today, the European Union announced retaliatory tariffs on approximately €26 billion worth of U.S. goods in response to President Donald Trump's recent increase in tariffs on steel and aluminum imports. Targeted products include Harley-Davidsons, bourbon, and jeans—key American exports that have been caught in previous trade disputes.
The EU has said it remains open to negotiation but has not ruled out further action.
In response, Trump vowed to retaliate, stating, “Of course I’m going to respond.” The daily chart for the EUR/USD shows the pair could fall into a larger corrective decline, given overbought RSI conditions.
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Economic Calendar:
blackbull.com/en/economic-calendar/?utm_source=tradingview
Free TradingView Premium:
blackbull.com/en/platforms/tradingview/?utm_source=tradingview
blackbull.com/en/economic-calendar/?utm_source=tradingview
Free TradingView Premium:
blackbull.com/en/platforms/tradingview/?utm_source=tradingview
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.