US President Trump reportedly considers new national security tariffs after SCOTUS ruling, in which new levies on a half-dozen industries would be issued separately from the new global 15% flat-rate tariff, according to WSJ
Newsquawk Staff ·
US President Trump reportedly considers new national security tariffs after SCOTUS ruling, in which new levies on a half-dozen industries would be issued separately from the new global 15% flat-rate tariff, according to WSJ.
What it means
This report suggests that President Trump is contemplating new national security tariffs on specific industries following a Supreme Court ruling, which could have significant implications for U.S. trade policy. Such tariffs, especially if targeting multiple sectors, may fuel tensions in international trade, impacting market sentiment and potentially leading to volatility in currencies like the USD and JPY, as well as safe-haven assets like gold. Traders should monitor the situation closely as this development could affect equities and commodities depending on how it unfolds.
Sources
- Al-Mayadeen correspondent in Iran says Iranian officials believe that Trump wants to bring the nuclear issue into the negotiations, which Iran rejects
- Ukrainian President Zelensky says negotiations between Ukraine, Russia and the US could take place as early as November 10th
- US Midterms (6 days out): Florida flips to a Republican early-vote lead and Kansas narrows further; Crystal Ball shifts House and Senate races towards Democrats
- Israeli election results show Netanyahu's bloc with 53 seats, Eisenkot's bloc with 47 and Arab parties with 19, following the counting of all votes excluding double-envelope ballots, i24 reports
- Atomic Energy Organization of Iran Spokesman says protocol for building small reactors with Russia is being finalized
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