White House to announce up to 6 month delay on EU cars

Author: Greg Michalowski | Category: News

This was leaked earlier in the week.

Sources are reporting that the White HOuse is expected to announce an "up to 6 month" delay in tariffs on EU cars today.   

This idea was floated earlier this week (Wednesday). The EURUSD and stocks popped on the news. 

The EURUSD is getting a second swing at the pitch (or so it seems) as it is trading a bit higher (at 1.1173. the recent low was at 1.1158 some 35 minutes ago). 

US stocks are not. The Dow futures are down -200 points now. The S&P is down -20 points. Nasdaq is down -71 points.   The S&P and Nasdaq is on pace for the 2nd straight weekly decline. 

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