Trump to Announce Reciprocal Tariffs April 2

Reported on April 1 that according to Jinshi, White House press secretary Levitt said that US President Trump will announce his reciprocal tariff policy at an event in the Rose Garden of the White House on Wednesday. Levitt said that Trump’s announcement was mainly “country-based” tariffs, but he also “promised” to implement industry tariffs at another time. Levitt said that members of Trump’s cabinet will attend the announcement ceremony. “The president will announce a tariff plan that will reverse the unfair trade practices that have been exploiting our country for decades,” Levitt said. “Now is the time for reciprocity, and it’s time for the president to take historic changes and do the right thing for the American people.”

Against the backdrop of rising risk aversion in the market, gold has repeatedly set new highs this week, with the historical record rising to $3,086.75 per ounce, setting the 18th record high this year, and the quarterly increase reached 17%, the largest since 1986. The following are the key points that the market will focus on in the new week:

• Monday 21:45, US Chicago PMI for March
• Tuesday 21:45, US March S&P Global Manufacturing PMI final value
• Wednesday 20:15, US March ADP employment data
• ECB President Lagarde will deliver a speech at 01:00 on Thursday
• At 19:30 on Thursday, the European Central Bank will release the minutes of its March monetary policy meeting.
• Thursday 19:30, US Challenger Enterprise Layoffs in March
• At 00:00 on Friday, Federal Reserve Vice Chairman Jefferson delivered a speech
• Friday 20:30, U.S. unemployment rate in March, U.S. seasonally adjusted non-farm payrolls in March, U.S. average hourly wage annual/monthly rate in March
• Fed Chairman Powell will deliver a speech at 23:25 on Friday