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US: CNBC-Reciprocal Tariffs Will Not Go Into Effect Today

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Eamon Javers at CNBC posts on X: "I’m told the new tariffs President Trump announces today will NOT go into effect today. There will be a time delay of some months, possibly an April 1 start date. That’s still TBD. This will be a presidential memorandum today not an executive order, and USTR will be tasked with developing next steps."

  • As MNI noted earlier, "Based upon previous tariff announcements, Trump's order signing is likely to be accompanied by a White House press release detailing the implementation of the measures. Primary market focus will be on the precise date of implementation, with Trump's previous announcement of steel and aluminium tariffs delayed by one month, opening the door to negotiations and softening the market reaction." (see 'US: Trump Confirms Reciprocal Tariff Announcement Will Come At 13:00 ET 18:00GMT' 1404GMT)

For the latest US Daily Brief please see PDF link below:

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Eamon Javers at CNBC posts on X: "I’m told the new tariffs President Trump announces today will NOT go into effect today. There will be a time delay of some months, possibly an April 1 start date. That’s still TBD. This will be a presidential memorandum today not an executive order, and USTR will be tasked with developing next steps."

  • As MNI noted earlier, "Based upon previous tariff announcements, Trump's order signing is likely to be accompanied by a White House press release detailing the implementation of the measures. Primary market focus will be on the precise date of implementation, with Trump's previous announcement of steel and aluminium tariffs delayed by one month, opening the door to negotiations and softening the market reaction." (see 'US: Trump Confirms Reciprocal Tariff Announcement Will Come At 13:00 ET 18:00GMT' 1404GMT)

For the latest US Daily Brief please see PDF link below:

Keep reading...Show less