020 7898 0500The 25% tariff on steel and 10% tariff on aluminium that Donald Trump has imposed has led to Russia filing an official complaint to the World Trade Organisation. They claim that the tariffs are ‘safeguard measures’ which are designed to protect the US economy, rather than for national security as Trump claims. Ultimately, this distinction means that Russia can ask for compensation under WTO rules. The situation rolls on…
Initial jobless claims came in slightly worse than expected, but still fell by 1,000 to 232,000 in the week up to April 14. They had been expected to drop to 230,000, but the difference is only small and is therefore of no real concern. The dollar moved sideways against sterling but made some slight gains against the euro.
There are no economic data releases of note scheduled for today, so any dollar movements will likely come from economic events elsewhere, or fresh controversy from the President.
