Trade war noise: EU retaliates, targetting US exports

Weekend news has the European Union setting out how it will target US exports when tariffs come into effect. 

• EU published two lists with American products to be affected.
• The Commission needed to act now to make sure it notified the lists to the WTO within a 90-day deadline.
• A senior European official said the EU's response list was for "stakeholder consultations" and added that the total value of American exports targeted could reach "€6.4 billion all added together."
• The decision whether to use the lists would be taken only after three months. 

Trump, trade wars, dollar and US yields - Westpac