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This Date is Worth Noting Regarding Trump’s Tariff Policy!
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📅 Key Date for Trump’s Tariff Policy:
Trump did not announce import tariffs on his first day in office, which relieved the market, but he stated that tariffs on Canada and Mexico could be implemented as early as February 1, at a rate of 25%.
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📆 Importance of April 1:
Barclays analyst Michael McLean highlighted April 1 as another important date. On this day, the Trump administration requires federal agencies to submit a report explaining the reasons for the persistent annual trade deficit and proposed remedies.
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🏛️ Senate Confirmation of Key Appointments:
April 1 is also the deadline for the Senate to confirm Howard Lutnick as Commerce Secretary and Jamieson Greer as U.S. Trade Representative. McLean believes that before tariff policy changes can occur, these positions must be filled.
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📊 Possibility of Tariff Policy Changes:
McLean believes that tariff policy changes could be announced after the April 1 report, with tariffs potentially taking effect within 30-60 days.
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🚗 Predictions for Tariffs on Europe and Others:
Goldman Sachs analyst Alec Phillips stated that tariffs could be implemented in the second quarter, though delays are possible. He predicts a 55% chance of higher tariffs on European cars, and a 20% chance on Canada and Mexico. He also believes there is a 25% chance of a universal tariff on key imports.
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💱 Market Reaction:
The U.S. Dollar Index fluctuated as the market awaited new tariff announcements. The forex market remained volatile after Trump’s comments regarding tariffs on Canada and Mexico.
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#RhinoAnalysis #RhinoNews #EconomicNews #FinancialHighlights #Airdrop #Airdrops #Giveaway #Bitcoin #Crypto #Omnichain #Ethereum #DeFi #NFT #Rhinosmart #TrumpTariffs #USTariffPolicy #MarketVolatility #April1 #TariffForecast