US equity index trades begins soon – Globex – FX showing the way | Forexlive

Globes trade will begin at the top of the hour.

Forex rates show EUR and JPY both lower against the USD.

The latest muddled communication on whats going on with tariffs is that Trump shouted in a social-media post Sunday that “NOBODY is getting ‘off the hook’” on tariffs, the imposts are moving to a different bucket.

More:

• Trump says 20% tariff on computers, and smartphones (so, not 145%)
• U.S. Trade Representative Greer also bumbling through explaining tariffs on electronics

• Trump exempts phones, computers, chips from new tariffs
• Smartphones, computers and chips will still face 20% tariffs
• Lutnick: Electronics products will have special tariffs coming in a month or so

Other:

• ICYMI – China halts rare earth exports after new controls, raising global supply concerns

This article was written by Eamonn Sheridan at www.forexlive.com.

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