Sky News editor Ed Conway reports — citing a source close to the White House — that there will be three tariff bands: 10%, 15% and 20%.
The bands will differ by both country and industry depending on how the White House views barriers to trade.
I think this would be a problematic set of numbers but so far the market either hasn’t noticed or doesn’t care. Spoos are near the highs.
This article was written by Adam Button at www.forexlive.com.