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BREAKING NEWS:
U.S. Treasury Secretary Scott Bessent has stated that a global tariff increase of up to 15% is likely to be announced this week.
However, there is an exception for the European Union, which is expected to remain at a 10% tariff based on circulating reports.
It should be noted that the European Union accounts for more than 20% of total U.S. imports, so this decision could have a significant impact on global trade.
If tariffs truly rise to 15%, potential inflationary pressures and trade tensions could increase again.
Global markets are awaiting official confirmation this week.
source: @solidintel_x