Following last week’s turbulent session brought on by tariff concerns, the market is calmer now that the matter has been postponed for 30 days because both the neighbours of the US have indicated that they are open to negotiations.

The delayed 25% tariffs on Canada and Mexico are now anticipated to take effect on March 1. However, in yet another interesting development on Friday, the US President stated that he would announce retaliatory tariffs on more countries this week, but he did not identify them.

According to estimates, imposing tariffs will have a detrimental impact on US GDP and raise costs.

More importantly, the tariff issue has not been discussed between the US and China.

Implementing a 10% duty on Chinese imports, however, would take some time. If the plan doesn’t change, China is likely to start imposing tariffs on February 10.

The risk is that increased economic unease may result from tariff uncertainty for an extended period.

Determining the monetary policy position of the participating countries is extremely difficult for their policymakers.

The release of non-farm payrolls, a crucial economic indicator, occurred last week in the US. Against........

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