January 27, 2025 at 11:59PM
Trump says he would soon impose tariffs on foreign pharmaceuticals, semiconductors and metals
Also, Trump said the news of DeepSeek’s apparent progress in artificial intelligence is “a positive” – its good that firms in China have come up with a quicker method of AI.
Trump’s tariff comments may be being read as putting Bessent firmly in his place:
Bessent is pushing a starting 2.5% universal US tariff plan, which would rise each month
Bessie won’t be setting the tariff agenda, I will, is what Trump seems to be conveying.
The USD leapt higher.
This article was written by Eamonn Sheridan at www.forexlive.com.
Trump says DeepSeek is a positive – a ‘wake up’ call. Meanwhile USD strong still.