EUR/USD
1.13301
0.146%
Gold
3374.49
1.214%
Oil
58.044
1.898%
USD/JPY
142.883
-0.570%
GBP/USD
1.33680
0.543%
GBP/JPY
191.012
0.012%
Real-time News
On May 6, according to people familiar with the matter, the European Union plans to impose additional tariffs on about 100 billion euros (113 billion U.S. dollars) of U.S. goods if the ongoing trade negotiations fail to produce results that satisfy the EU. People familiar with the matter said that the proposed retaliatory measures will be shared with member states as early as Wednesday, and consultations will last for a month before the list is finalized. Earlier media reports said that the European Commission is expected to share a document with the United States this week in an attempt to start negotiations. The EUs proposal is expected to include lowering trade and non-tariff barriers and increasing investment in the United States. Negotiations between the EU and the United States officially began last month, but there has been little progress, and most U.S. tariffs are expected to remain unchanged. The European Union said on Tuesday that Trumps ongoing trade investigation will increase the amount of goods facing tariffs in the European Union to 549 billion euros.Indian Trade Minister: India will have to retaliate if EU imposes carbon tax.Market news: If negotiations fail, the EU will impose tariffs on 100 billion euros of US goods.On May 6, local time, EU Trade Commissioner Maros Sefcovic said that during the 90-day suspension announced by US President Trump, the EU will formulate countermeasures against the large number of tariffs imposed by the United States on EU products and will consider all options. He said that the EU does not feel weak and will not accept pressure from the United States for unfair agreements.Reuters poll: Most emerging market currencies are expected to weaken against the US dollar in the next three months.
