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๐จ Trump backs down on imposing tariffs on Europe
US President Donald Trump announced the suspension of the 10% tariffs on Europe, which had been proposed against the backdrop of escalating tensions regarding Greenland.
๐ What happened?
๐น Yesterday: Trump threatened to impose tariffs on 8 European countries starting in February.
๐น Today: After a meeting with NATO Secretary General Mark Rutte in Davos, the decision has been frozen with discussions of reaching a "framework agreement" instead of escalation.
๐ Initial reading of the markets:
โ๏ธ Easing of trade tensions
โ๏ธ Temporary improvement in risk appetite
โ ๏ธ However, the Greenland issue and Arctic strategy are still strongly on the table.
โ The most important question:
Are we facing a temporary diplomatic calmโฆ
Or part of a larger deal being prepared behind the scenes?
#TrumpCancelsEUTariffThreat
#SouthKoreaSeizedBTCLoss
#USIranMarketImpact
๐จ Trump backs down on imposing tariffs on Europe
US President Donald Trump announced the suspension of the 10% tariffs on Europe, which had been proposed against the backdrop of escalating tensions regarding Greenland.
๐ What happened?
๐น Yesterday: Trump threatened to impose tariffs on 8 European countries starting in February.
๐น Today: After a meeting with NATO Secretary General Mark Rutte in Davos, the decision has been frozen with discussions of reaching a "framework agreement" instead of escalation.
๐ Initial reading of the markets:
โ๏ธ Easing of trade tensions
โ๏ธ Temporary improvement in risk appetite
โ ๏ธ However, the Greenland issue and Arctic strategy are still strongly on the table.
โ The most important question:
Are we facing a temporary diplomatic calmโฆ
Or part of a larger deal being prepared behind the scenes?
#TrumpCancelsEUTariffThreat
#SouthKoreaSeizedBTCLoss
#USIranMarketImpact