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US: Greenback Gains, Equities Slip on Trump Reciprocal Tariff Post

US

Trump posts: "THREE GREAT WEEKS, PERHAPS THE BEST EVER, BUT TODAY IS THE BIG ONE: RECIPROCAL TARIFFS!!! MAKE AMERICA GREAT AGAIN!!!"

Greenback tipped higher on the back of Trump's reciprocal tariffs post on Truth Social - another suggestion and hint that reciprocal tariffs are forthcoming after being heavily speculated last week. This isn't too far outside of expectations, but is the latest concrete sign that we could see a further escalation in trade tensions.

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Trump posts: "THREE GREAT WEEKS, PERHAPS THE BEST EVER, BUT TODAY IS THE BIG ONE: RECIPROCAL TARIFFS!!! MAKE AMERICA GREAT AGAIN!!!"

Greenback tipped higher on the back of Trump's reciprocal tariffs post on Truth Social - another suggestion and hint that reciprocal tariffs are forthcoming after being heavily speculated last week. This isn't too far outside of expectations, but is the latest concrete sign that we could see a further escalation in trade tensions.

Keep reading...Show less