Upon coming to terms with the fake news, we saw equities readjust lower. But a key takeaway was that it didn't quite wipe out remaining dip buyers and they came back in late yesterday amid some hopeful optimism.
The second thing is Trump continuing to tweet and/or retweet things like these:
“More than 50 countries have reached out to the president to begin a negotiation…”
"Secretary of Treasury, Scott Bessent: Almost 70 countries have now approached us wanting to help rebalance global trade…"
So, that's the main thing to watch out for. Trump will want to demonstrate his resolve by showing that he is serious on implementing tariffs. But given the above, it shows that they may not be permanent so long as there are trade negotiations taking place.
This was Trump's latest verbal barrage towards China overnight:
"Yesterday, China issued Retaliatory Tariffs of 34%, on top of their already record setting Tariffs, Non-Monetary Tariffs, Illegal Subsidization of companies, and massive long term Currency Manipulation, despite my warning that any country that Retaliates against the U.S. by issuing additional Tariffs, above and beyond their already existing long term Tariff abuse of our Nation, will be immediately met with new and substantially higher Tariffs, over and above those initially set. Therefore, if China does not withdraw its 34% increase above their already long term trading abuses by tomorrow, April 8th, 2025, the United States will impose ADDITIONAL Tariffs on China of 50%, effective April 9th. Additionally, all talks with China concerning their requested meetings with us will be terminated!"
This article was written by Justin Low at www.forexlive.com. Read More Details
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