France's Le Maire: Europe will respond to US tariffs if provoked

Joshua Gibson FXStreet

France's Finance Minister, Bruno Le Maire, is addressing media outlets today, speaking about Europe's stance towards trade tariffs being threatened by the US, as well as the ongoing political push for a more unified Europe.

Key highlights:

Europe will respond in kind if the US imposes a 20% tariff on European vehicles.

Trump bet on European weakness, chose poorly.

Time is beginning to run out on Brexit, and it is concerning.

Le Maire says there can't be a 'status quo' on the Eurozone.

The EU's budget project is not a "transfer budget".

Hopes that the US soon sees that tariffs are also bad for the US economy.

The EU needs an independent Euro-centric financing body.

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

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