EU prepares retaliation
Bloomberg reports three names on a list of companies that will be hit with retaliatory tariffs: Xerox, Caterpillar and Samsonite.
Obviously this was leaked to put a bit of pressure on the White House not to go through with the targets. Does it change anything? One argument is that the EU thinks it's going to be hit, so that's why it had the counterattack ready. I'd argue that they'd be negligent not to have a counterattack ready under any circumstances. In the bigger picture, it should have been expected that they would be ready to hit back.
So outside of shares of those three companies, I don't see much to react to here.
Here's the full story.
