Headlines

USTR Greer says the goal on tariffs in continuity; are looking at how to implement a 15% tariff, via Bloomberg TV

Newsquawk Staff ·

  • Have been in close contact with European and UK counterparts.
  • We expect the EU and UK to hold up their end of the bargain.
  • The US will put out a proclamation on 15% tariffs, in the coming days.
  • Will raise tariff to 15%, "where appropriate".
  • 301 probes on forced labour and seafood are coming soon. 
  • Mexico is discriminating against US energy producers.
  • Canada limits access for US dairy.
  • Trans-shipment is an issue with Mexico and Canada. 

What it means

The USTR's indication of implementing a 15% tariff represents a potential escalation in trade tensions, particularly with the EU and UK, inviting scrutiny on how these tariffs might impact broader market sentiment. As the U.S. aims to address trade disparities with Mexico and Canada, traders should consider the implications for affected sectors, including energy and agriculture, as well as potential shifts in FX and commodities pricing stemming from anticipated retaliations. This signals a likely uptick in volatility across equities and currencies, particularly regarding how markets price in these geopolitical risks.

Related headlines