Trump Warns On EU and UK Tariffs, Soon.
From Greg M
U.S. President Donald Trump warned of trade tariffs which would be imposed on the European Union and U.K.
Asked on the prospect of tariffs on goods from the U.K. and European Union (EU), Trump told the BBC that both were acting “out of line,” but that the EU was behaving worse, and that tariffs could be imposed on the bloc “pretty soon.”
Trump is becoming a wind sock. Can't believe him.
Trump says global interest rates need to fall during Davos. The FED pauses rates after Davos. Now yields are cratering after tariffs. IMO, the tariffs are being used as a catalyst to force the FED's hand into more rate cuts down the road. Look at where bond yields are going, since the DXY spiked over the weekend. Lower yields shadow higher probability of lower rates longer term. Trump will keep pulling stunts like he pulled this weekend to force the FED's hand into cutting rates. Black Swan Season is just getting started.