He said he will announce 25% tariffs on all imports of steel and aluminum on Monday. That's a legitimate threat and something he has the power to do under current investigations/statues under Section 232. I don't doubt that's coming.
German Chancellor Scholz was asked about those tariffs and said they could retaliate "in an hour".
Here is AUD/USD, which is now down 30 pips on the day.
This article was written by Adam Button at www.forexlive.com. Read More Details
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