Source: International Business Times
French President Emmanuel Macron urged the European Union to 'step up the preparation of credible countermeasures' if a US deal is not struck by the August 1 deadline AFP Most Asian markets rose Monday as investors digested Donald Trump's latest trade war salvos that saw him threaten to hit the European Union and Mexico with 30 percent tariffs. The US president's outburst came after a series of announcements last week including warnings of 50 percent levies on copper and Brazilian goods, 35 percent on Canadian goods, and a possible 200 percent charge on pharmaceuticals. While observers warn the measures could deal a hefty blow to the global economy, investors are largely optimistic that governments will hammer out agreements before the White House's August 1 deadline.
