Tomorrow at midnight is the deadline for the fresh tariffs to go into effect on Mexico and Canada:

• If you continue to run trade deficits, foreign countries will have everything you own
• In our first term, we didn’t have inflation
• The exporting countries absorb a large portion of the tariffs
• As the trade deficit goes down, the dollar goes up
• Deregulation, DOGE and ‘drill, baby, drill’ are the Trump strategy and tariffs are ‘second-order small’
• I don’t see Trump wavering on any of this
• Highlights timber and lumber executive orders on the weekend

That’s about what you would expect from Navarro. We will have to wait and see what happens tomorrow.

This article was written by Adam Button at www.forexlive.com.