Sky News editor Ed Conway

Sky News editor Ed Conway reports -- citing a source close to the White House -- that there will be three tariff bands: 10%, 15% and 20%.

The bands will differ by both country and industry depending on how the White House views barriers to trade.

I think this would be a problematic set of numbers but so far the market either hasn't noticed or doesn't care. Spoos are near the highs.

Source: Forex Live