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!"

• 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"

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. 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.