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Affirming the position of the common currency imposed by the US

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OANDA:EURUSD   Euro / Dolar USA
The European Union (EU) and the United States are planning to create a common tariff area, imposing tariffs on steel and aluminum imports from economies such as China, under their export theme. European Commission on EU-US consensus.

Based on sources from Politico, according to this agreement, they will impose a tax of 25% on steel and 10% on aluminum.

This is favorable to the goal of creating a “club of like-minded economies” and would impose tariffs on imports from economies seen as a reservoir of support for the sectors. as important as steel and clean technology.

The US and EU are still negotiating on how to establish this “globally oriented club” as a solution to the transatlantic dispute over aluminum and steel. Tensions date back to US President Donald Trump. In 2018, Mr. Trump imposed high tariffs on steel and aluminum imports from around the world, including from the EU, claiming that it was for national security reasons.

This is to confirm the intention to merge the position of these two common currencies

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