Trump signs executive order on Iran on Feb 4
Trump expected to sign a fresh memorandum today that would open the door to retaliation for digital services taxes.
Silicon Valley has taken over the White House and the agenda they’re pushing is clear: Don’t get in our way, let us do what we want, where we want. If you’re an investor, that’s a powerful tailwind.
“The memo is not expected to implement tariffs immediately and it does not set a timeline for when such duties might take effect, according to the people familiar.”
Given that detail, I wouldn’t expect it to be an immediate market mover.
