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Wells Fargo: Be cautious about news related to tariff policies and be wary of non-Trump direct remarks

Wells Fargo: Be cautious about news related to tariff policies and be wary of non-Trump direct remarks

CointimeCointime2025/03/05 02:11
By:Cointime

U.S. Bank said that some positive sentiment surrounding the prospect of a tariff compromise is emerging, but caution is needed. U.S. Bank's New York-based strategist Kenn Brendan McKenna said, "I have realized that for any comments that are not directly from Trump, you should not immediately trade or believe, so far, I still show caution and tend to be risk-averse. But if tariffs are reduced and an agreement is reached, the Canadian dollar, Mexican peso, and the entire foreign exchange market should see some relief rebound." Earlier, the U.S. Commerce Secretary said he believed Trump would compromise on tariffs with Canada and Mexico, or announce exemptions tomorrow. (Jinshi)

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