Trump’s belligerence on tariffs is a negative for risk, at the margin.
Comments now from Trump:
- tariffs may go higher than 25%
Trump didn’t specify any tariffs in particular. Maybe just a blanket move, but who knows?
Yesterday we had a colleague of his emphasising Trump’s commitment to tariffs:
The recession narrative continues to gain pace. There are plenty of market participants eyeing the deliberate Trump engineering of a recession as a danger, in that once an economic collapse starts its difficult to finesse.
This article was written by Eamonn Sheridan at www.forexlive.com.
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