Maroš Šefčovič, European Commission Vice President for Interinstitutional Relations and Future Planning, warned on Tuesday: “If the Brexit deal is lifted to ensure that British products can continue to be sold in Northern Ireland, there will be retaliation.”
Key Points (via The Telegraph)
“Brussels will start a trade war with Britain if Boris Johnson suspends the Brexit deal so Northern Irish shops can continue to sell British sausages.”
“The EU would react” quickly, firmly and decisively “if Britain unilaterally extends the grace period in the Northern Ireland Protocol, which expires at the end of June.”
Market reaction
GBP / USD is trending down near 1.4165 on renewed Brexit worries as the US dollar tries to recover after crashing in the last session.
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