According to a Reuters report earlier - citing unnamed sources
- Second wave of products has been cued up by Washington officials
- Part of Trump's decisions to go forward with "pretty significant" tariffs
- Second list will be subject to same public comment and hearing process as first list
- Could take more than 60 days to put into effect
Here's the report on the matter. It didn't really garner any headlines earlier via the main media outlets, but the news is picking up traction now and USD/JPY has fallen to 110.54 nearing to session lows. At the same time, US 10-year yields are down 2 bps now to 2.915%.
