Equity Markets Retreat, Dollar Gains As Trump Fires Tariff Warning
Stock markets fell and the dollar rallied Tuesday after Donald Trump warned he would impose huge new tariffs on China, Mexico and Canada on his first day in office, dealing a blow to hopes of a more moderate approach to trade policy.
Dollar rises after Trump tariff vows jolts Canada and Mexico
The US dollar rose on Tuesday (Nov 26) after President-elect Donald Trump said he would impose tariffs on products coming into the United States from Mexico, Canada and China, as investors braced for policies that could set the stage for trade spats.
The U.S. dollar has strengthened, with the exchange rate at $1.04 per Euro as of November 22, 2024. Check out the factors ...
President-elect Donald J. Trump often says he prefers a weaker dollar, but economists and investors think his proposed ...
China has shown it can "operate as an alternative manager of dollar liquidity right in the heart of the petrodollar system," ...
The president-elect spent his campaign suing news organizations for billions of dollars. In office, he could strip press ...
Trade deficits happen when imports exceed exports. During a trade deficit, the U.S. dollar generally weakens, driving foreign ...
The Indian rupee is expected to stay on the back foot on Friday, pressured by a rebound in the dollar amid uncertainty about ...
The dollar fell and US government bonds rallied after Donald Trump picked Scott Bessent to run the Treasury, a Wall Street ...
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