Foreign aid. Trump can be pig-headed stubborn, is there a sign he’ll soon bend on tariffs?

At a minute past midnight, US Eastern time, on Wednesday (ie in just a few hours) I’ve little doubt that the new country-specific tariffs will come into effect, including the 104% rate on China.

Its going to be ugly.

But, perhaps there is a glimmer of hope that Trump will dial back his war on trade and economy.

I posted this earlier:

• Trump administration has moved to restore some terminated foreign aid programs

There was glee amongst MAGA at the ruthless cuts to aid, but it appears Trump has reconsidered the good that many of the programs do.

Yes, he is a stubborn man, but is this a sign that he’ll soon come around on tariffs, and dial them back? Real politik will, in the end, win out?

I expect it’ll still be some way off, and indeed, risk markets are continuing to be smashed here as I post. ES and NQ are still extending their losses.

Let me know your thoughts in the comments!

This article was written by Eamonn Sheridan at www.forexlive.com.