Pinkspider
02-02

More confirmation from Trump on tariffs in a press briefing just now.

He has confirmed:

- Absolutely will put tariffs on the EU and they will be "substantial."

- Aiming for tariffs on oil gas by Feb 18th

- Tariffs on steel in discussion now

- Tariffs on chips eventually

- Not concerned with market reaction to tariffs

Looks like the market now has to figure out how they want to react and price in what seems like inevitable tariffs.

Trump Trade War Begins: How Will Bitcoin Move?
Donald Trump announced new tariffs on all imported goods from the United States' three major trading partners: China, Mexico, and Canada. On Friday, U.S. President Trump stated that tariffs would be imposed on products such as computer chips, pharmaceuticals, steel, aluminum, copper, oil, and natural gas starting as early as mid-February. As a result of Trump's tariff policy, Chinese stocks opened lower across the board. Bitcoin continues to drop to $94000. ----------- Are stocks oversold or just a beginning? How will tariffs impact US and China companies and other assets?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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