US President Trump plans to roll back tariffs on metal and aluminium goods, according to FT
Newsquawk Staff ·
US President Trump plans to roll back tariffs on metal and aluminium goods, according to FT.
What it means
President Trump's announcement to roll back tariffs on metal and aluminum goods could signal a shift towards easing trade tensions, which may positively impact equities and commodities markets. This action may also influence currency valuations, particularly for the USD, as improved trade relations can shift market sentiment and risk appetite. Investors should monitor potential reactions in global markets, particularly in metals and energy sectors, as this development unfolds.
Sources
- [MARKET ANALYSIS] Crude grinds higher, Dutch TTF remains just under EUR 100/MWh, metals subdued
- Russian Deputy Foreign Minister Ryabkov says Russia remains in the preparatory phase for negotiations on Ukraine, TASS reports
- Ukrainian President Zelensky says Ukraine will not attack Russian ships carrying diesel for the US
- Israeli PM Netanyahu's bloc has 56 seats and opposition has 49 seats after 50.1% of votes were counted, according to Israel's Channel 12
- US President Trump says there will be a meeting with Russian President Putin and Ukrainian President Zelensky set up soon, while Trump says there will be a meeting on disarmament during Asia trip
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