US commerce Sec. Lutnick:

  • Steel and aluminum are needed for national security
  • We need semi conductors, orders, pharmaceuticals, steel and aluminum in America.
  • Trump will describe how to balance trade on April 2
  • Says that the Mexico and UK have been pragmatic and thoughtful about tariffs. The EU and Canada has not
  • Says that he will be speaking with EU counterparts today

Trump posted on Truth Social that if EU goes ahead with 50% tariffs on US spirits, he would impose a 200% tariff on wine, champagne and spirits.

Source: Forex Live