Trump hasn’t yet put tariffs on Mexico and Canada but repeats that he will

The initial reports made it sound like he was signing the order at that moment. That’s not the case as he was signing some different orders (hence the confusion).

Importantly, he also said oil would be excluded, according to CNBC. However a Reuters report said he would decide tonight whether to impose the tariffs on oil.

It’s not clear if there were video cameras in the Oval office, so hopefully we get clarity soon on exactly what was said.

However the initial spike in the market have faded as everyone knows that it’s not a done deal until it’s done (and even after it’s done, the negotiations continue).

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