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.
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