White House Spokesperson reiterates Trump administration is looking at 232 and 301 tariffs

The reiteration of potential 232 and 301 tariffs by the Trump administration signals ongoing trade tensions, which could have heightened implications for key asset classes such as FX and commodities. Markets are likely to react based on how these tariffs could affect supply chains and cost structures, especially in sectors sensitive to tariffs like energy and manufacturing. Traders should watch for volatility in the USD and related currencies as sentiment shifts around these trade policies.