Trump’s tweet’s began harmlessly enough with:
- I am pleased to announce that the UNITED STATES TARIFF Letters, and/or Deals, with various Countries from around the World, will be delivered starting 12:00 P.M. (Eastern), Monday, July 7th. Thank you for your attention to this matter! DONALD J. TRUMP, President of The United States of America.
But then came this:
- Any Country aligning themselves with the Anti-American policies of BRICS, will be charged an ADDITIONAL 10% Tariff. There will be no exceptions to this policy.
its triggered a round of risk off, with the USD jumping higher:
USD at extreme for the session
This article was written by Eamonn Sheridan at www.forexlive.com.
