Why the Trump plan on putting tariffs on critical imports is moving markets ...Middle East

The report includes a relatively short list that highlights three areas and 11 specific things:

Critical medical supplies:

SyringesNeedlesVialsPharmaceutical materials

That's a fleetingly small part of global trade and overall US imports. If that's the list, it wouldn't cause a domestic inflation problem and force the Fed to keep rates higher for longer.

As for the separate tariffs that Trump has threatened on Mexico, Canada and China, the Washington Post writes:

Many business leaders view those measures as unlikely to ever take effect, but some people familiar with the matter said they could be imposed along with universal tariffs on key sectors.

But for me, this all looks USD bearish and positive for risk assets, as it appears that the corporate tax cut and not trade or the deficit are Trump's priorities.

This article was written by Adam Button at www.forexlive.com.

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