The Trump administration is preparing to announce new tariff investigations that could result in higher levies on a litany of nations over what the US deems as unfair trade practices, according to WSJ citing sources

The impending announcement of new tariff investigations under the Trump administration signals an escalation in trade tensions, potentially impacting various asset classes. This could lead to a stronger USD as investors seek safety, while markets may react negatively, especially in sectors reliant on global supply chains or exports. The broader implications could affect inflation and commodity prices by intensifying costs amid global trade uncertainties.