Steno Signals #193 – The USD Reset Is Underway

551 Views15 Apr 2025 13:30

SUMMARY

Morning from Copenhagen!It’s been a remarkable week—and weekend—in policy space.
On Friday, the White House released a list of exemptions from the reciprocal tariffs (including, for example, semiconductors).
Then, on Sunday, Trump “tweeted” that no exemptions were made, leaving Howard Lutnick once again to explain what was actually going on.

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