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Mixed messages on tariffs leaves markets in consolidation
Tariffs are still the focus for traders, but this time at least, some better news. The US has decided to delay the tariffs on imported cars by another six months. This is in order to allow a further 180 days to negotiate with counterparts. This news certainly comes as a boost to the big German auto makers, boosting the DAX and the near term outlook for the euro. How long this boost lasts for is another matter though, as noises from the Chinese state media outlets are becoming increasingly steadfast on the US/China trade dispute. Although the claim is that their door is always open to negotiation, there is an sense ... (full story)