Trump says DeepSeek is a positive – a ‘wake up’ call. Meanwhile USD strong still.

Trump says he would soon impose tariffs on foreign pharmaceuticals, semiconductors and metals

Also, Trump said the news of DeepSeek’s apparent progress in artificial intelligence is “a positive” – its good that firms in China have come up with a quicker method of AI.

Trump’s tariff comments may be being read as putting Bessent firmly in his place:

• Bessent is pushing a starting 2.5% universal US tariff plan, which would rise each month

Bessie won’t be setting the tariff agenda, I will, is what Trump seems to be conveying.

The USD leapt higher.

This article was written by Eamonn Sheridan at www.forexlive.com.