In this thread, let's focus on reciprocal tariffs though. Trump has touted he will make an announcement on this either later today or tomorrow.
here.
Besides that, logistically it will be an absolute nightmare to get all of this done quickly.
For now though, markets are evidently not all too frightened. Wall Street extended gains in trading yesterday, even if US futures might be a little lower today. The dollar is steady but not really seeing standout gains to start the new week. As for the bond market, there is some selling which saw 10-year yields creep back up to near 4.50%. So, that will be one to watch in case of anything.
In other words, it's going to be tough to keep risk trades down for long unless Trump is really promising trade wars for longer. However, as long as there's room to talk, market players are likely to look at all of this with a glass half full approach instead. So, we'll see what the headlines will bring in the next few days.
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