Pre-Trading Thoughts

Trump dropped new tariff rates on imports from most U.S. trade partners to 10% for 90 days to allow trade negotiations with those countries, while raising the tariffs imposed on imports from China to 125% “effective immediately”. The EGP dipped against the USD during trading yesterday, setting a new post-float low as the greenback changed hands for EGP 51.72-51.75. The Sovereign Fund of Egypt (SFE) will begin restructuring five military-owned companies ahead of their planned listing. Th...