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FX.co ★ Trump holds off on immediate tariffs, seeks analysis

Trump holds off on immediate tariffs, seeks analysis

Trump holds off on immediate tariffs, seeks analysis

Despite Donald Trump’s strong advocacy for the immediate imposition of tariffs, he has now reversed his stance and is prepared to delay their implementation. According to The Wall Street Journal, the new US president has prepared a comprehensive trade memorandum for a number of federal agencies. The document emphasizes the need for these organizations to analyze US trade policy. This step is crucial for assessing the appropriateness of imposing new tariffs.

Upon taking office, the Republican president directed federal agencies to "address other countries' unfair trade practices and currency manipulation." Tariffs on steel and aluminum imports, however, remain a key focus for the Trump administration.

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The memorandum reportedly covers the evaluation of US trade relations with China, Mexico, and Canada. The recipients of the document will be tasked with assessing the feasibility of creating a separate tax authority to collect tariff revenues.

In summary, it appears that Trump has decided to delay the imposition of tariffs, at least in the early stages of his presidency.

Earlier, shares of Canadian energy companies and their products fell sharply on concerns over the potential implementation of 25% export tariffs, which Canadian officials feared would impact the country's oil industry.

*Die zur Verfügung gestellte Marktanalyse dient zu den Informationszwecken und sollte als Anforderung zur Eröffnung einer Transaktion nicht ausgelegt werden
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