Citing people familiar with the matter, the Wall Street Journal (WSJ) reported Thursday night, “the administration of US President Donald Trump is considering an existing law that includes a language that allows tariffs of up to 15% for 150 days.”
“The administration has not made a final decision and could wait to impose any plan,” the WSJ reported.
This happened after an US Federal Court blocked Trump’s “Liberation Day” tariffs so that they did not come into force. Later, the Federal Circuit Appeals Court in Washington said it was suspending the decision of the lower court to consider the appeal of the Government, and ordered the plaintiffs in the cases to respond before June 5 and the administration before June 9, according to Reuters.
Market reaction
After this holder, the dollar was weakened in front of its main rivals, with the US dollar index (DXY) falling to 99.10. The index was last negotiating at 99.40, rising 0.08% in the day.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
