White House advisor Navarro says there's no basis in fact that US President Trump will walk back steel tariffs, via CNBC
Navarro's comments signal a firm stance on steel tariffs by the Trump administration, indicating no intention to reverse these trade measures.
US FTC ratchets up Microsoft (MSFT) probe and questions rivals on cloud and AI products
The US Treasury issues general licence allowing transactions related to oil or gas operations in Venezuela of certain entities
White House advisor Navarro says there's no basis in fact that US President Trump will walk back steel tariffs, via CNBC
Newsquawk European Market Wrap - 13th February 2026
Anthropic is reportedly preparing to go public as soon as this year, according to the WSJ; Co. adds new board members
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- Trump has no exemption and has no exclusion rules.
This could lead to heightened tensions in trade relations, especially with affected nations and sectors, and may result in a stronger USD if markets perceive the administration as maintaining its protectionist policies. Keep an eye on related equities and commodities, particularly in steel and broader industrial sectors, as they could react to ongoing trade dynamics.
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