Trump stepping up the rhetoric
Speak on Air Force 1, Trump is talking tariffs.
The US comment period on $200 billion of proposed tariffs ended yesterday. That would basically cover all the imports from China that aren't already covered.
Now Trump says he's got another $267 billion in tariffs ready to go on short notice if he wants.
The administration could announce the implementation timeline for the $200 billion in tariffs at any time. The public consultations ended yesterday.
The headlines have hit stock markets and USD/JPY, sparking risk aversion.
Update: On the $200 billion in tariffs, Trump said they could be soon depending on what happens.
