Ted Cruz hopes tariffs are temporary, emphasizing Texas trade with Mexico and Canada while supporting Trump’s intended outcomes.
The EUR strengthens as USD weakens, with bullish momentum targeting the 1.0650/1.0750 range and 200-day average.
The Canadian Dollar recovers, supported by a softer US Dollar and narrowing US/Canada 2Y spreads amid tariff concerns.
Mexico will delay tariffs announcement until Sunday, coinciding with Canada’s Liberal Party leadership decision, likely impacting elections.
Trump imposes tariffs on Canada, Mexico, China; manufacturers urged to build in US amid economic concerns.
Trudeau announces $30 billion tariffs, challenges under USMCA and WTO, citing inaccurate fentanyl claims and economic risks.
US Treasury Secretary Scott Bessent plans rate cuts, asserting Chinese manufacturers will absorb tariffs; USD Index fell.
Trump promises no tariffs for returning companies, addresses cartels. S&P 500 drops 1.9% amid tariff concerns.
NU Holdings may decline below $10.18, with potential support at $8.10, creating a possible buying opportunity.
US two-year yields fall, S&P 500 erases gains, and major indices decline as investors seek safer options.
