US President-elect Trump: Washington Post story that I'll pare back my tariff policy is wrong
Source Fxstreet
In response to the Washington Post story that said US President-elect Donald Trump's aides are considering tariffs that would be applied to every country but only cover critical imports, Trump said it was wrong.
"The story in the Washington Post, quoting so-called anonymous sources, which don't exist, incorrectly states that my tariff policy will be pared back. That is wrong. The Washington Post knows it's wrong. It's just another example of Fake News," Trump posted on Truth Social.
Market reaction
The US Dollar Index recovered from session lows following this development and was last seen losing 0.6% on the day at 108.25.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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Notably EUR/USD is holding onto the gains made on yesterday's Washington Post report. We consider this a fair adjustment after EUR/USD overshot on the downside last week.
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