• No intention of making exemptions on steel, aluminum tariffs
• Will impose reciprocal and sectoral tariffs on 2 April
• Reciprocal tariffs on countries will come alongside auto duties

Well, that’s what he has been saying with all tariffs since the beginning. Yet, we all know now that there is always some wiggle room no matter how hard a line he might draw initially. So, we’ll see. Either way, it’s not the best news for risk sentiment after softer US data last week and also with Bessent saying that “corrections are healthy”.

Besides that, Trump also says that he might have something to announce on Ukraine-Russia talks by Tuesday, after speaking to Putin that is.