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President Trump is expected to sign off on tariff plan this week

White House

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President Donald Trump is expected to formalize the details of his tariff proposal, including any carve outs or exemptions, on Thursday or Friday.

White House press secretary Sarah Huckabee Sanders said at a news briefing Wednesday that she expects Trump to sign off on the measures this week.

"We expect that the president will sign something by the end of the week, and there are potential carve-outs for Mexico and Canada based on national security, and possibly other countries as well," Sanders said.

At the same time, White House officials told CNBC, there could be a conversation this week around additional trade actions the White House is considering.

Officials said there is a basket of trade-related ideas under consideration, but it is not clear what ideas will ultimately be embraced by the president.

When asked whether there will be carve-outs for Mexico, Canada or NATO allies, Sanders told the briefing, "It'll be country-by-country and based on national security."

Source: Bloomberg Pro Terminal

Jr Trader Alexander Kumanov


 Varchev Traders

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