CNBC’s Eamonn Javers reports on what to expect in the 1 pm announcement:
- There will be a time delay of an unclear duration before they go into effect (he said April 1 was a possibility)
- This will be a “Presidential memorandum” not an executive order (which is lower tier)
- The USTR will be tasked with identifying the next steps
- There will be some details in terms of exemptions, which CNBC called “slight”
- They’re still “putting the final touches” on the memorandum
The US dollar has sagged on this report with the market taking it as a good sign.
This article was written by Adam Button at www.forexlive.com.
