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NYT Opininon Piece says Trump's new tariffs are illegal too; notes "A Section 122 “payments problem” involves a flight from the U.S. dollar. At the moment, no such problem exists."

This opinion piece suggesting that Trump's new tariffs are illegal may create uncertainty in trade relations, potentially impacting investor sentiment towards the USD.

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European Closes: Euro Stoxx 50 +0.10% at 6,121, Dax 40 +0.12% at 25,022, FTSE 100 -0.04% at 10,681, CAC 40 +0.26% at 8,519, FTSE MIB -0.10% at 46,652, IBEX 35 -0.54% at 18,190, PSI +0.25% at 9,269, SMI +1.08% at 13,994, AEX +0.34% at 1,020

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NYT Opininon Piece says Trump's new tariffs are illegal too; notes "A Section 122 “payments problem” involves a flight from the U.S. dollar. At the moment, no such problem exists."

US posts notice of Trump order extending de minimis suspension

UK Trade Minister Kyle says the deal negotiated with the US still stands

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  • "The provision is not about trade imbalances. Other parts of the statute address those. It is about financial imbalances — in particular ones that threaten financial stability."
Context

While it notes no current issue with U.S. dollar stability, such discussions could trigger volatility in forex and equities, especially if concerns over tariffs escalate into broader economic fears.

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