US Pres. Trump: No timeline on European auto tariffs

Eren Sengezer FXStreet

US President Trump noted that they have not yet set a timeline on potential tariffs on European car manufacturers. "I have a date in my mind it is a fairly quick date," Trump added while speaking to reporters on the sidelines of the World Economic Forum in Davos on Wednesday.

"I think we will have a deal with the EU before the US presidential election," Trump said.

The shared currency seems to be having a tough time finding demand on Wednesday on Trump's comments. As of writing, the EUR/USD pair was down 0.05% on the day at 1.1077.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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