Reciprocal Tariffs - Delayed but not forgotten !
@AlliesFin
10 points from last night.
1. President Trump said that that Secy of Commerce Lutnick will be working on a reciprocal tariff plan
2. Lutnick confirmed that reciprocal tariff studies will be complete by April 1
3. Lutnick said that reciprocal tariffs will start by April 2, barring President Trump's approval
4. Lutnick specifically mentioned Canada, Mexico as pathways for goods from India, China
5. "I don't expect [exemptions or waivers]," said Trump on reciprocal tariffs more broadly
6. Some tariffs "coming soon". Trump said that auto, steel, aluminum, pharmaceutical tariffs are "coming soon." No specific date was mentioned.
7. Trump does not plan exemptions on auto tariffs.
8. BRICS 100% tariff threat. Trump repeats that BRICS will be hit with a 100% tariff if they play with the dollar. BRICS - Brazil, Russia, India, China, South Africa.
9. China-US meeting at "some point". Trump repeated that he will meet with China at some point, but he did not specify a day or time.
10. VATs = Tariffs. Trump said that he will consider VATs to be similar to tariffs. Value Added Tax (VAT) is a consumption tax that is applied to nearly all goods and services that are bought and sold for use or consumption in the EU.
By Prashant Nair
On Telegram Channel @AlliesFin
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
