Just before the US Markets closed last night President Trump convened a meeting in the White House where he finalised his tariff proposal on steel and aluminium imports, with the hope of getting it signed into law overnight (though it could be later today or early next week due to legal/drafting considerations). What does now seem probable is that not just Canada and Mexico but also Australia will be exempted from the tariffs, based on the strong military ties between the US and Australia and, as Mr.Trump has explicitly noted, the fact the US runs a trade surplus with Australia. In the last couple of hours it has been announced that North Korea will stop any missile testing while Trump has accepted an invitation for a ‘’Miracle Meeting’’ with Kim.
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