US Trade Advisor Navarro: You can assume even if we lose tariff cases we'll do it another way.
Following the US Court of International Trade (USCIT) decision to suspend President Donald Trump's far-reaching tariffs, White House Trade Advisor Peter Navarro hit newswires reaffirming market expectations that even if the USCIT decision were to stand, the Trump administration intends to seek other legal avenues to impose sweeping import taxes on US domestic consumers.
Key highlights
We will hear in the next day or two from USTR.
The Court told us to go do it another way.
You can assume even if we lose tariff cases we'll do it another way.
We got calls from nations this morning and discussions continue.
Market reaction
Markets remain roughly on-balance as most of Thursday's trade-based headlines were firmly priced in during the overnight session. The US Dollar Index (DXY) tumbled back to 99.30 after fumbling a technical bounce above the 100.00 handle.
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