Vietnam expects good results in US talks sooner than 2 weeks.
The market already knows that we will settle at 10% tariff rate and the deadline will be extended. These are the baseline expectations so deviations in the future could see the market reprice these expectations.
Right now, the market doesn’t really care about tariffs. They might be a drag on global growth but they will be countered by rate cuts and expansionary fiscal policies.
This article was written by Giuseppe Dellamotta at www.forexlive.com.