Now we wait on the Trump EU tariff headline

July 11, 2025
-FXnews

The euro is in focus today with Trump slated to deliver a tariff letter to Von Der Leyen outlining a tariff rate, likely with an August 1 deadline.

The market would be expecting to see a 20% headline rate, which is in-line with what he announced on ‘Liberation Day’ before backtracking. Like that day, whatever number he announces today will be a point of negotiation rather — and likely theatre — than anything real.

I’ll be interested to see how quickly the dip in the euro is bought

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