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President Trump could send letter to EU in two days

President Donald Trump announced on Tuesday that the BRICS group's countries would soon be subject to a 10% tariff rate.

Key Quotes

On tariffs: We are picking a number that’s low and fair.

BRICS is getting a 10% charge pretty soon.

Not going to lose the standard anytime.

The EU has been speaking to us.

The EU is treating us very nicely.

Probably two days off from sending the EU letter.


EUR/JPY strengthens as Trump’s tariff warning weighs on Yen

The Euro (EUR) extends its advance against the Japanese Yen (JPY) for the second straight session on Tuesday, as the Yen weakens broadly across major currencies.
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GBP/JPY hits new YTD high above 199.00 as US tariff threat weakens Yen

The British Pound (GBP) reached a new YTD high against the Japanese Yen (JPY) on Tuesday as United States (US) tariff threats on Japan weighed on the JPY.
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