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Tuesday's tariff imposition that saw 10% applied globally has triggered some delayed shockwaves as it seems even the administration is struggling to keep up with events. A U.S trade representative came onto Fox News last night to state that some countries will see their tariff rate rise to 15%.
Of course, Trump is still seething about the Supreme Court decision that struck down most of his tariffs, ruining months of work to finalise deals, especially with the Chinese. With Iran not willing to meet American terms, the tariff debacle and the looming midterms, its easy to see how the Admin could become overwhelmed.
The President has so many vendettas that even he seems to be struggling to keep track, with rambling attacks in policy speeches at an all time high. None of this is great news for the Dollar, with the word "uncertainty" becoming the hallmark of Trump's second term in markets.
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