#us-eu-tariffs

#us-eu-tariffs

WTI has recorded two consecutive recovery sessions, reclaiming the USD 60 per barrel level and touching around USD 60.5. This move suggests that short-term selling pressure has eased somewhat after the previous corrective phase. However, to properly assess the nature of this rebound, it is necessary to clearly examine both the supporting factors behind prices and the risks that still persist in the near term.

Over the weekend, he had also threatened to lift the tariffs to 25% from 1 June. The threat had prompted widespread apprehension; criticism from senior European politicians, who declared they will not allow ourselves to be blackmailed; and warnings from economists. European Union leaders had threatened to deploy the bloc's so-called anti-coercion instrument (ACI), otherwise known as the trade bazooka, which would have allowed the EU to retaliate in defense of coercion measures through extraordinary trade sanctions.