US stocks trading lower but back off the lows levels ...Middle East

The market is digesting the tariff news over the weekend where Trump enacted a 30% tariff on Mexican and EU goods (open for negotiations) effective August 1. For Mexico, he wants drug cartels to be eliminated. In the EU, he wants open access to their markets, and also want to level of pay back.

At 10 AM, Trump is expected to announce a major announcement Russia/Defense. Part of the game plan is to get Europe to pay their own way for defense through NATO. We will see what is announced.

This article was written by Greg Michalowski at www.forexlive.com.

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