EU to impose €2.8 billion worth of duties on US imports as of Friday

The European Commission gives their final approval for tit-for-tat retaliatory duties against US tariffs

Looks like the EU is finally responding in kind to the metal tariffs imposed by the US. The duties here are set to hit US goods as of this Friday, 22 June.

The market doesn't look overly concerned by the announcement though, with basically no reaction seen across all assets - though the retaliatory amount here is like a nibble more than it is a bite.