- I would advise none of the countries to retaliate as these numbers are high-end
- We can see if there is a different floor (from those announced)
- The mindset from Trump might be to let things settle for awhile
- Says he has no plans to travel to China
- I’m not a part of the negotiations so we will see if there are any before April 9
- It won’t be possible to score tariffs in CBO scoring for the deficit
- I could see more Iran sanctions
- May have Ukrainian team coming over this week or early next week
To be honest, it sounds like he was sidelined in this and he sounded rattled. He didn’t have any info and didn’t even know what the tariff rates were on Mexico and Canada.
This article was written by Adam Button at www.forexlive.com.
