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Fox Business's Edward Lawrence says admin official told him that tariffs Trump imposed on Friday under Section 122 are currently at 10%, and will go to 15%, but requires separate presidential action which is being worked on now

This development regarding tariffs indicates a potential escalation in trade tensions, particularly if the proposed increase to 15% is enacted.

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Taiwan Vice Premier says preferential terms reached with the US under tariff and trade deal would not change, and that they will have proactive talks with the US to ensure their interests protected under deals already reached with Washington

PBoC sets USD/CNY mid-point at 6.9414 vs exp. 6.9249 (Prev. 6.9398)

Fox Business's Edward Lawrence says admin official told him that tariffs Trump imposed on Friday under Section 122 are currently at 10%, and will go to 15%, but requires separate presidential action which is being worked on now

PRE-MARKET CHINESE STOCKS NEWS: Chinese markets reopen following the Luner New Year/Spring Festival Holiday

[MARKET UPDATE] Copper futures (+1.5%) rallied at the turn of the hour amid the reopen of Shanghai commodities trade as the red metal's largest buyer returns from the holiday closure

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This could impact currencies and markets broadly as traders adjust their positions based on heightened uncertainty and potential retaliatory measures from affected countries. Keep an eye on how this evolves, especially in forex and commodity sectors where traders often hedge against such geopolitical risks.

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