Early angst about Trump tariff talk fades, US equity futures turn higher ...Middle East

I think a big part of that reversal is that 'reciprocal' tariffs were already talked about by Trump on Friday so there's nothing new here.

"While Trump could reverse course and move again to impose trade levies, the decision nevertheless reinforced the perception that the new president is unwilling to follow through on his tariff threats and instead prefers using them as a negotiating tool."

If even the journalists now think it's a bluff then you're not going to fool too many people in markets.

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

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