Analyst George Saravelos from the research department of deutsche bank stated in a report that the more moderate the market's response to us tariffs, the greater the likelihood of expanding such measures. The head of forex research at deutsche bank said, "The first Trump administration indicated that the more moderate the market response, the greater the likelihood of further escalation." Saravelos noted that tariffs clearly remain a top priority on Donald Trump's policy agenda, with the president-elect promising on Monday to impose new tariffs on mexico, canada, and china once in office.