Trump will announce additioanl tariffs on autos, lumber and chips

Comments from Trump

• says he will announce additional tariffs on autos, lumber and chips
• May give a lot of countries breaks on tariffs
• Tariffs for doing business with Venezuela will be on top of existing tariffs
• Not all tariffs will be included on April 2

This was after the announcement of a Hyundai investment in a steel plant and autos.

This is a pushback on the idea that tariffs won’t go beyond the reciprocal levels but the market is also liking the idea that he ‘may give a lot of countries breaks’.

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