As per the most recent reports from the politician, the eu Union officers have called for associate degree aggressive 173-page conceive to counter each President Donald Trump’s trade moves and yank school giants as well as Google, Apple, Amazon, Microsoft and Facebook.
The report quotes document obtained whereas spoken communication that the uropean Commission officers ar pushing their president-elect, Ursula von der Leyen, to line up a eu Future Fund that will invest over $100 billion in equity stakes in high-voltage European firms.
The document additionally mentions the goal on get Europe competitory head-on with the yank and Chinese school giants it's lagged behind for many years.
FX implications
As the US-EU trade relations have a bit market impact, the news didn't get noticed . However, any increase within the line, not to mention the response from the North American country President, can sadden the EUR/USD combine and may additionally market’s risk-off sentiment.
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