EU Commission
  • Proposes counter-tariffs on range of US imports at 25% in response to US steel documents
  • 25% tariff to take place from May 16

These headlines are from a document cited by Reuters. One interesting detail is that US bourbon was removed. This could be a nod to Mitch McConnell, the Kentucky senator who is pushing back on tariffs, or it could be because of Trump's threat to hit back on European spirits.

Source: Forex Live