USTR Lighthizer: EU has not taken actions necessary to come into compliance with WTO decision

Anil Panchal FXStreet

Early Thursday morning in Asia, late-Wednesday in the West, the US Trade Representative (USTR) Robert Lighthizer crossed wires, via Reuters, while criticizing the European Union (EU) over the bloc’s performance on the airbus case. The Trump administration member also marked some tariff changes for the UK, Greece, France and Germany.

Key quotes

Will modify list of EU products affected by tariffs in aircraft subsidy case.

Tariff rates on EU products will remain unchanged at 25% for EU goods, and 15% for aircraft

Modifying list of EU products facing tariffs to remove some from Greece and Britain, adding equivalent amount France and Germany.

EU has not taken actions necessary to comply with the WTO decision on aircraft subsidies.

US. committed to obtaining long-term resolution to dispute over aircraft subsidies; will begin new process with EU.

Market reaction

The trade-negative news joins the doubts over American stimulus package to probe the risk-barometer AUD/USD pair’s recent recovery around 0.7160.

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

EUR/USD regains balance, targets 1.1800

EUR/USD has lost a bit of momentum after its earlier push higher and is now attempting to reclaim the key 1.1800 barrier on Monday. In the meantime, investors remain focused on the evolving US–EU trade relationship after President Trump’s announcement of sweeping global tariff hikes.

GBP/USD recedes from tops, back to 1.3500

GBP/USD is extending its move higher on Monday, meeting some resistance around 1.3530 on the back of the widespread bearish tone in the US Dollar amid ongoing uncertainty around tariffs. For now, traders are watching overall risk sentiment and central bank rhetoric for the next directional cue.

Gold advances to four-week highs, focus is on $5,200

Gold is holding onto its bullish tone on Monday, hovering near monthly highs well above the $5,100 mark per troy ounce. Fresh trade-war concerns, coupled with rising geopolitical tensions in the Middle East, are keeping demand for the yellow metal well on the rise.

Crypto Today: Bitcoin, Ethereum, XRP intensify sell-off as tariff uncertainty weighs

Bitcoin, Ethereum and Ripple are trading amid increasing selling pressure at the time of writing on Monday, as investors react to fresh trade uncertainty over US President Donald Trump’s push for more tariffs.

Supreme Court nixes tariffs, Trump teases 15% global tariff

On February 20th, the Supreme Court ruled that Trump’s global tariffs under IEEPA authority were unconstitutional, effectively nullifying the framework. However, the relief was short-lived. Within hours, Trump floated a 15% blanket tariff under an alternative legal authority.

Top Crypto Losers: Zcash, Pump.fun, and LayerZero extended losses as Bitcoin loses $65,000

The cryptocurrency market starts the week in panic mode, with altcoins Zcash, Pump.fun, and LayerZero. Bitcoin falls below $65,000 as the US President Donald Trump regroups amid renewed trade policy risks.