The US dollar rose on this and stock markets fell.
There aren’t any details yet as it’s only a headline that cites ‘sources’ saying Trump told Republican lawmakers he plans to issue reciprocal tariffs as early as Friday (today).
It’s not clear who these are aimed at.
Trump has talked about reciprocal tariffs before and mentioned Europe and Canada here.
On the campaign, he’s said he would impose tariffs on American imports equal to the rates that trading partners impose on American exports.
This article was written by Adam Button at www.forexlive.com.
