Trump team “not even close” to making a decision on China tariffs – report

Bloomberg was out a bit earlier (6 am ET) with a report that flew under the radar but it cites people familiar with negotiations. There are some interesting developments:

• Trump team is “not close at all to making a decision” on China tariffs
• The Trump team is still debating the fundamentals of tariff policy
• Along with a lack of consensus among the administration’s economic team, they’re also short key staff.
• “experts anticipate” he will announce Mexico-Canada tariffs on Feb 1 but they’re “unlikely” to take effect for two weeks, which would allow time for negotiations

The report is here. I think it raises the risk of a dicey two weeks of trading for MXN and CAD to start February.

This article was written by Adam Button at www.forexlive.com.