Yesterday, President Donald Trump announced his "Liberation Day" tariff strategy, introducing a universal 10% tariff on all imports, with higher rates for specific countries.
Despite Commerce Secretary Howard Lutnick’s claim that President Trump “won’t back off,” several pressures could still force a reversal before their April 9 implementation.
Markets have already reacted negatively, and trading partners are signalling how they might retaliate.
French President Emmanuel Macron has urged European companies to suspend investment in the U.S. In Canada, Prime Minister Mark Carney said he is planning to pivot toward more reliable partners like Australia, the U.K., and France.
A U-turn by the Trump administration would likely be framed as a strategic win rather than inconsistent policy making—but for traders, volatility may remain a welcome constant from this administration.
Despite Commerce Secretary Howard Lutnick’s claim that President Trump “won’t back off,” several pressures could still force a reversal before their April 9 implementation.
Markets have already reacted negatively, and trading partners are signalling how they might retaliate.
French President Emmanuel Macron has urged European companies to suspend investment in the U.S. In Canada, Prime Minister Mark Carney said he is planning to pivot toward more reliable partners like Australia, the U.K., and France.
A U-turn by the Trump administration would likely be framed as a strategic win rather than inconsistent policy making—but for traders, volatility may remain a welcome constant from this administration.
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Economic Calendar:
blackbull.com/en/economic-calendar/?utm_source=tradingview
Free TradingView Premium:
blackbull.com/en/platforms/tradingview/?utm_source=tradingview
blackbull.com/en/economic-calendar/?utm_source=tradingview
Free TradingView Premium:
blackbull.com/en/platforms/tradingview/?utm_source=tradingview
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.