Trump says it depends on China how soon tariffs can come down:
- have spoken to 90 countries regarding tariffs already
- over the next 2 – 3 weeks will set tariff for China
- If we don’t make a deal, we’re just setting the price, then they can decide if they want
- China is not doing any business with us — rate is still 145%
Trump’s remarks coming after an executive order signing ceremony in the Oval Office. The orders were related to education.
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Trump spoke yesterday after the market close. I had someone ask why he didn’t provide such bullish comments during market hours. The answer is that he gets more bang for his buck with comments at times of low to zero liquidity.
This article was written by Eamonn Sheridan at www.forexlive.com.