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Trump Announces Reciprocal Tariffs, USD Tests Support
President Trump has announced reciprocal tariffs, saying “whatever they charge us we will charge them.” He also said that the US will consider countries using a VAT tax as a tariff for reciprocal tariffs, which would apply to Europe. And Trump has also said that a tariff on automobiles are coming soon, which will be stacked on top of reciprocal tariffs. Earlier in the day, the Dollar was dashed on media reports that tariffs wouldn’t be implemented until April 1st, but famously Trump has walked back similar reports multiple times. So, caution is still warranted into the end of the week. The fact that the Dollar ... (full story)
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