Trump hits the European Union (EU) with a 30% tariff, starting on August 1

border had been “not enough,” despite recent cooperationWholesale FX markets open very early on Monday here in Asia, which will be Sunday afternoon US time. Expect a small gap up for the USD. The way this tariff mess has played out so far is Trump backs down, allowing an extension of the date until the tariff kicks in, thus allowing more time for talks.