White House advisor Peter Navarro is scheduled to speak on CNBC at 8:40 am ET.
He is the biggest trade hawk in the administration so I wouldn’t expect any walk-back of any tariff talk. If anything, his appearance is a message from the administration that they have no intention of backing down.
The critical deadline for the market right now is April 9, which is when the US tariffs above 10% are scheduled to go into effect. There is some hope those can be negotiated and I think that is what will happen but predicting Trump is a fool’s game right now.
This article was written by Adam Button at www.forexlive.com.