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The 90-day delay on the 50% tariff on European goods expires on July 9. Will the market panic as the Americans immediately implement the effective tariff policy on Europe and start selling off to avoid suspicion?
An additional 50% tariff can be understood as a trade disruption. Out of the 27 EU countries, 23 belong to the NATO alliance. It is well known that the EU has always relied on the United States in terms of economy, military, energy, geographical location, and historical background. However, beneath the surface unity of EU member states, there have always been deep-seated differences and contradictions. Therefore, in recent days, representatives from EU member countries have been visiting the White House to act as sycophants.
There is no doubt that in the end, it will come down to negotiations, with the Trump administration obtaining the desired benefits and ultimately postponing or directly canceling the increase of the 50% tariff!
Thus, for short sellers to use this news as a bearish reason seems irrational!