Trump's Trade Memo to Avoid New Tariffs

On his first day in office, President Trump will issue a trade memo that won't include new tariffs, calming market fears. This move is expected to ease inflation concerns and delay interest rate hikes by the Federal Reserve.


Trump's Trade Memo to Avoid New Tariffs

The new administration, led by Donald Trump, plans to start its work without introducing new tariffs. The press has reported that the first days of the presidency will not be marked by the introduction of new trade tariffs, which prompted speculation in the markets. Markets were expecting Trump to introduce new trade tariffs, but that has not happened, which could lower inflation and delay the increase in Federal Reserve interest rates.

An official representative of the Trump administration confirmed that the president does not plan to introduce new tariffs immediately after taking office. Analysts have commented that markets are reacting with surprise, noting the absence of news on the introduction of tariffs in newspaper headlines. The dollar's exchange rates began to decline after the publication of an article in the Wall Street Journal, which stated that Trump is not planning to introduce new trade tariffs.

Nick Rees, head of macroeconomic research at Monex Europe, commented: "It seems that markets sensed surprise after the information regarding the introduction of tariffs did not appear in newspaper headlines."

Latest news

See all news