USD surging again - Trump tariff threats, Bessent want tariffs too

Trump continues to promise tariffs:

• More from Trump - will place tariffs on computer chips, pharmaceuticals

Earlier:

• Bessent wants a gradual rise in tariffs, could go as high as 20%

Bessent will be the Treasury Secretary. I argued in that post that Trump will do what Trump will do on tariffs, not what Bessent wants to do.

And here we are, Trump not backing down and the dollar roaring higher. EUR, AUD, GBP, CAD, NZD, all slammed.EUR/USD for example: