USD up, equity indexes down as Trump kicks off trade war with tariffs

  • Trump hit his small southern neighbour, Colombia, with 25% tariffs, to rise to 50% in a week

Trump hit Colombia with hefty tariffs, story is here from earlier:

The President of Colombia responded with tit-for-tat tariffs:

The action-response is likely to be the trade war model going forward:

  • Trump hits a smaller economy with tariffs
  • Smaller country hits back

The USD popped higher to open the week:

After a minor retrace its higher again now as Globex opens and equity indexes were marked down:

globex us equity index  colombia tariff trump gap down 2

Trump won't be signing this chart.

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