empty
26.03.2025 12:36 PM
Donald Trump sows confusion again with tariff remarks

United States President Donald Trump once again stirred confusion on Tuesday by announcing plans to introduce a series of exemptions to his sweeping tariff proposal. The announcement served as a vague signal ahead of the planned April 2 rollout of retaliatory trade measures against global partners.

These exemptions are expected to apply to certain United States trading partners, although the exact details remain unclear. President Trump's remarks followed several days of intense lobbying by foreign governments and American businesses that are concerned about the negative consequences of the tariff measures. Analysts believe the President may be preparing to moderate his stance in order to avoid a full-scale trade conflict that could pose a threat to global economic stability.

This image is no longer relevant

At the same time, officials within the Trump administration continue to emphasize that tariffs remain a vital instrument for defending American interests and for pressuring other nations to agree to more equitable trade arrangements.

It is evident that the United States' trade partners have worked swiftly to secure exemptions from the tariffs, which President Trump has placed at the center of his economic platform. "I know there are some exceptions, and it's an ongoing discussion, but not too many, not too many exceptions," Trump states.

President Trump has promised to impose broad trade tariffs as early as next Wednesday, describing the move as a "liberation day" from trade partners that he has long accused of exploiting the United States. While he had stated previously that his retaliatory tariffs would be carefully calibrated to balance other countries' trade barriers, the president also acknowledged that his actions would not be purely reciprocal and that some nations could receive relief.

On Monday, the White House stated that the president might grant exemptions to several countries. However, his conflicting statements regarding tariff plans have sown confusion among investors and corporations, placing pressure on risk assets and halting the recent gains in the stock market that followed a significant sell-off earlier in the month. "I'll probably be more lenient than reciprocal, because if I was reciprocal, that would be very tough for people," the president reiterated.

Currency traders have become accustomed to this type of political messaging and are increasingly focused on economic data and central bank decisions, rather than the shifting strategy of the American leadership. This change in approach reflects the understanding that economic fundamentals exert a more immediate and measurable influence on currency valuations.

In particular, inflation figures, employment data, and GDP growth reports from major economies have become key indicators for evaluating the outlook of national currencies. Central bank decisions, including interest rate changes and broader monetary policy measures, also play a decisive role, as they directly affect the appeal of a currency to global investors.

Regarding the current technical picture for EUR/USD, buyers have now faced the challenge of reclaiming the 1.0818 level. A successful move above this threshold would allow for a test of 1.0856. From there, the path may open to 1.0892, although advancing further without support from institutional players may prove difficult. The most distant bullish target remains at 1.0923. If the instrument declines, serious buyer interest is expected near 1.0779. Should that level fail to hold, it may be advisable to wait for a retest of the 1.0746 low or to consider entering long positions from 1.0715.

In the case of GBP/USD, buyers should overcome the immediate resistance at 1.2950. Only a breakout above this level would create an opportunity to reach 1.2970, though breaking through this area is expected to be challenging. The furthest upside objective is the 1.2999 area. If the pair falls, sellers may attempt to reclaim control at 1.2925. A successful breach of this level could severely undermine the bullish outlook and push the pair toward the 1.2900 low, with the potential to extend losses toward 1.2875.

Jakub Novak,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

The Whole World is a Stage, and Countries Are Its Actors... (A Limited Decline in Gold and a Rise in Bitcoin Are Possible)

Iran responded to the U.S. with a strike on an American military base in Qatar, thereby demonstrating its resolve for retaliation and confrontation. Markets reacted in a rather peculiar

Pati Gani 09:25 2025-06-24 UTC+2

The Market Has Moved On From the War

Does Iran want war? Judging by the symbolic attack on American bases in Qatar, Tehran does not appear eager to enter into an armed conflict with Washington — which

Marek Petkovich 07:19 2025-06-24 UTC+2

What to Pay Attention to on June 24? A Breakdown of Fundamental Events for Beginners

Very few macroeconomic reports are scheduled for Tuesday, and none are of significant importance. Essentially, the only one worth mentioning is the German Business Climate Index —

Paolo Greco 07:19 2025-06-24 UTC+2

GBP/USD Overview – June 24: No Confirmation of Destruction

The GBP/USD currency pair also traded relatively calmly on Monday. While there were some price "swings," many traders and analysts had expected a much more significant move. The dollar strengthened

Paolo Greco 03:45 2025-06-24 UTC+2

EUR/USD Overview – June 24: Iran Exits Talks and Launches a Retaliatory Strike

The EUR/USD currency pair traded extremely calmly on Monday, considering the intense fundamental backdrop that developed over the weekend. Recall that over the weekend, Donald Trump once again "changed

Paolo Greco 03:45 2025-06-24 UTC+2

Trump Keeps Hitting a Wall

There's a saying: "An irresistible force meets an immovable object." It describes an irreconcilable standoff where neither side is willing to compromise. In my view, Trump's "scythe," with which

Chin Zhao 00:12 2025-06-24 UTC+2

Should We Expect De-escalation in the Middle East?

The market has absorbed the news of U.S. strikes on Iran's nuclear facilities quite resiliently. Why did this happen, and why was the reaction relatively muted? These questions are unlikely

Chin Zhao 00:12 2025-06-24 UTC+2

What Will Powell Say?

Starting June 24, Fed Chair Jerome Powell will address Congress over two days, delivering the semiannual monetary policy report. On Tuesday, he will speak before the Senate Banking Committee

Irina Manzenko 00:12 2025-06-24 UTC+2

The Euro Gets a Knife in the Back

Trouble never comes alone. European industry is beginning to lose steam after rapid growth driven by a front-loaded surge in U.S. imports. The euro area is a net oil importer

Marek Petkovich 00:11 2025-06-24 UTC+2

XAU/USD. Analysis and Forecast

Today, gold is attracting new sellers. Amid a sharp escalation in the conflict between Iran and Israel, the United States conducted airstrikes on three Iranian nuclear facilities in Fordow, Natanz

Irina Yanina 17:59 2025-06-23 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.