Trump trade advisor sees business exemptions to tariffs - Reuters

Joshua Gibson FXStreet

As being reported by Reuters, Peter Navarro, a top trade advisor to Donald Trump, has been crossing the wires Sunday attempting to talk down markets as they bristle at the US President's enflaming trade war comments following Trump's metal imports announcement.

Key highlights:

“There will be an exemption procedure for particular cases where we need to have exemptions, so that business can move forward”.
Trump has not given any indication he's considering exemptions.
Navarro has no explanations for what the exemption process might look like.
Trump announced plans to impose 25% duties on steel and 10% on aluminum imports.
Business leaders, Republican seniors strongly urging President Trump to change his mind, or allow exemptions.

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

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