Last night, the market surged!

Brothers and sisters, last night there was good news about tariffs from overseas, but before the US stock market opened, Trump came out to refute it.

Trump refuted the rumors, and Chinese assets experienced severe fluctuations.

On the evening of January 6, President-elect Donald Trump posted on Truth Social, denying the report from The Washington Post. The article claimed that Trump's aides were considering narrowing the scope of the tariff plan to only target a limited number of key imported products.

Trump stated: "The article from The Washington Post cites so-called anonymous sources that do not actually exist. The report incorrectly claims that my tariff policy will be reduced, which is not correct."

According to reports, Trump's aides are studying a new tariff plan that would be implemented on all countries, but only for key imported goods. This marks a significant shift in the tariff plan that Trump promised during the 2024 presidential campaign. Insiders revealed that two weeks before Trump's inauguration, aides were still discussing plans to impose tariffs on imported goods from all countries. However, unlike the original comprehensive tariff, current discussions are focused on implementing tariffs only on certain areas deemed critical to national or economic security. This indicates that a key part of Trump's campaign promise has been at least temporarily shelved.

Insiders emphasized that no final decision has been made yet, and the planning is still evolving. They requested anonymity to discuss private conversations.

If this plan is implemented, it will significantly narrow the scope of the proposed general tariffs of 10% to 20% on all goods that were presented during Trump's campaign. Economists had previously predicted that comprehensive tariffs could drive up consumer prices and disrupt global trade patterns.

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