US officials are reportedly preparing options to allow US President Trump to launch new tariffs of countries as soon as this week, the FT reports

The reported preparations for new tariffs by US officials signal a potential escalation in trade tensions, which could disrupt market sentiment across various asset classes. Such actions could weaken risk appetite, impacting equities and commodities, while also creating volatility in the FX markets, particularly for the USD against other currencies. Traders should watch for how this situation evolves and any immediate market reactions, especially in sectors sensitive to trade policies.