US President Trump posts "I do not have to go back to Congress to get approval of Tariffs. It has already been gotten, in many forms, a long time ago!"
President Trump's assertion about tariffs indicates a continuation of his administration's trade policies without congressional approval, which may heighten tensions in international trade relations.
US EQUITY OPEN: Indices edge lower as traders continue to digest Trump tariffs
BoE sells GBP 800mln Short-term Gilt: b/c 2.25x
US President Trump posts "I do not have to go back to Congress to get approval of Tariffs. It has already been gotten, in many forms, a long time ago!"
European MP Lange says they have decided to postpone the vote on a US trade deal which was set for Tuesday. Intend to vote eventually, but need clarity first. To meet on Wednesday to look at developments and assess the situation.
Iran is reportedly planning terror attacks on US targets in Europe and the Middle East, according to Western and American security officials cited by The Telegraph
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- Full post "As President, I do not have to go back to Congress to get approval of Tariffs. It has already been gotten, in many forms, a long time ago! They were also just reaffirmed by the ridiculous and poorly crafted supreme court decision! President DJT"
This could result in volatility across risk assets, particularly in sectors sensitive to trade such as commodities and equities, given the potential for retaliatory measures from other countries. Traders should be alert to reactions in related currencies, commodities, and equity markets as the sentiment shifts.
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