Trade Wars 2.0 - news and analysis

The second presidency of Donald Trump initiated escalation of tariffs that triggered significant financial movements. These actions may to increased costs for businesses and consumers, disrupted supply chains, and created market uncertainty. Retaliatory tariffs from affected nations can further strain global trade, impacting economic growth and prompting concerns about long-term financial stability.

CAD/JPY Technical: Trump’s shock and awe trade policy manoeuvre erased CAD gains

Yesterday’s ex-post Trump’s inauguration speech US dollar sell-off has started to reverse course. In less than 24 hours after adopting a milder trade tariffs plan towards US major trading partners, Trump has changed his stance to mention that 25% trade tariffs may be enacted on Canada and Mexico on 1 February.

21-01-2025 05:32 GMT by Kelvin Wong

Pound soars on report that Trump will delay tariffs

The British pound started the day with light gains but has soared in the North American session. GBP/USD is currently trading at 1.2290, up 1.06% on the day.

20-01-2025 13:20 GMT by Kenneth Fisher