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GLOBAL: Sharp Reversals As White House Deny Tariff Delay Reports

GLOBAL
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  • "*LEAVITT REITERATES FEB. 1 DEADLINE FOR CANADA, MEXICO TARIFFS"
  • "*LEAVITT SAYS MARCH 1 REPORT ON TARIFFS IS FALSE" (BBG)
  • President Donald Trump intends to move ahead with plans on Saturday to impose 25% tariffs on Mexico and Canada and a 10% levy on China, the White House said, denying a report that he planned to delay the implementation by a month.
  • Sharp reversal of the prior moves now...greenback pops aggressively higher with USDCAD rising around 100 pips and USDMXN printing back at 20.70, while equities come under pressure.
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  • "*LEAVITT REITERATES FEB. 1 DEADLINE FOR CANADA, MEXICO TARIFFS"
  • "*LEAVITT SAYS MARCH 1 REPORT ON TARIFFS IS FALSE" (BBG)
  • President Donald Trump intends to move ahead with plans on Saturday to impose 25% tariffs on Mexico and Canada and a 10% levy on China, the White House said, denying a report that he planned to delay the implementation by a month.
  • Sharp reversal of the prior moves now...greenback pops aggressively higher with USDCAD rising around 100 pips and USDMXN printing back at 20.70, while equities come under pressure.