Trump: We can talk about China tariffs

• Repeats that April 2 will be ‘liberation day’
• Some of that money will come back to us as tariffs
• Musk is at Pentagon to address costs
• I want car companies to build here
• Says he will be speaking with China’s Xi

The US dollar has made a move higher in the past few minutes in part due to a report saying that France has floated harsh retaliations against the US. Most of this is the usual rhetoric but I take some comfort in him opening up the door to at least negotiating with China.

• There will be flexibility on tariffs
• Basically it’s reciprocal
• We can’t be expected to carry Canada

The comments about Canada are non-sense, as usual. The only reason the US has a surplus with Canada is because Canada sells the US discounted oil.

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