US Pres. Trump: We will be able to make a trade deal with EU without imposing auto tariffs

Eren Sengezer FXStreet

Speaking at a press conference on the final day of the 45th G7 summit in the French city of Biarritz, "I think we will be able to make a trade deal with the EU without imposing auto tariffs, US President Donald Trump said. "The EU is a very strong group, not easy to deal with but we're close to a deal with them."

Wall Street's main indexes seem to be reacting positively to these comments. As of writing, the Dow Jones Industrial Average and the S&P 500 were both up 0.8% on the day while the Nasdaq Composite was adding 1.15%.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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