CNBC's Eamonn Javers reports on what to expect in the 1 pm announcement:
There will be a time delay of an unclear duration before they go into effect (he said April 1 was a possibility)This will be a "Presidential memorandum" not an executive order (which is lower tier)The USTR will be tasked with identifying the next stepsThere will be some details in terms of exemptions, which CNBC called "slight"They're still "putting the final touches" on the memorandumThe US dollar has sagged on this report with the market taking it as a good sign.
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