According to The Kobeissi Letter, President Trump announced there will be 'flexibility' in his reciprocal tariff plan, contradicting his earlier statement of holding firm on tariffs. With reciprocal tariffs set to go live in 12 days, this development introduces potential volatility in the markets, particularly affecting sectors reliant on international trade.

According to The Kobeissi Letter, President Trump declared April 2nd as 'liberation day for America,' coinciding with the activation of reciprocal US tariffs. This move is likely to impact international trade dynamics as affected countries may retaliate, influencing market volatility and potential shifts in foreign exchange rates.