Asian FX Focus_Doubling down on tariffs
2025-03-03 10:45
28 February 2025 Asian FX Focus Currencies Doubling down on tariffs US President Trump said in a social media post on 27 February that there will be an additional 10% tariffs on all imports from mainland China from 4 March because of the unresolved fentanyl issue. This was rather unexpected, because, originally, the 4 March timeline was for the delayed 25% tariffs on Mexico and Canada (as an earlier 10% tariff on China was already implemented on 4 February). Taken together with the "America First Trade Poli ...