The earlier CNBC report I highlighted appeared to help turn around sentiment in equity markets today in a big way. The bond market has bounced much less but in FX, we’re seeing some strong bids in the Canadian dollar.
Deliberations are still ongoing about what path they will take of the three outlined earlier.
“One of the reasons this is ongoing is because the President is watching out other countries are responding,” CNBC’s Megan Cassella reported.
She highlighted Vietnam, India and Japanese investment as some factors in play as those countries (and others) shift policies.
CNBC also noted that Trump is considering non-tariff barriers, though it’s not clear how.
I don’t think this report is adding much to what we knew earlier but the Nasdaq is at the highs, up 0.9%.
