Lutnick: I don’t think there will be exemptions

Forex Short News
  • In the long-term, you need to expect US markets to do really well
  • All the policies of the US were designed to make the world rich and us poor
  • I don’t think there will be exemptions, will not be effective for countries to retaliate against Trump tariffs
  • Countries need to change their rules to allow US agricultural products in
  • We’re talking with all major trading countries, US products are going to have to be sold there
  • People think it’s all about tariffs, it’s about non-tariff trade barriers
  • You’re going to see tariff rates decline, you’re going to see all these markets open to us

There is no big walk-back here.

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