US President-elect Trump: Tariffs will pay off our debt and MAKE AMERICA WEALTHY AGAIN

Source Fxstreet

US President-elect Donald Trump took to X (formerly known as Twitter) to note that "the Tariffs, and Tariffs alone, created this vast wealth for our Country. Then we switched over to Income Tax. We were never so wealthy as during this period. Tariffs will pay off our debt and MAKE AMERICA WEALTHY AGAIN!"

He also spoke about border control in his following tweets, saying "with the Biden “Open Border’s Policy” I said, many times during Rallies, and elsewhere, that Radical Islamic Terrorism, and other forms of violent crime, will become so bad in America that it will become hard to even imagine or believe. That time has come, only worse than ever imagined. Joe Biden is the WORST PRESIDENT IN THE HISTORY OF AMERICA, A COMPLETE AND TOTAL DISASTER. What he and his group of Election Interfering “thugs” have done to our Country will not soon be forgotten! MAGA."

Market reaction

The US Dollar pays a little heed to these tweets from the Tariff man, trading 0.09% lower on the day at 109.15 against its major currency rivals.

US Dollar PRICE This week

The table below shows the percentage change of US Dollar (USD) against listed major currencies this week. US Dollar was the strongest against the Euro.

  USD EUR GBP JPY CAD AUD NZD CHF
USD   1.49% 1.46% -0.30% -0.21% -0.05% 0.31% 1.09%
EUR -1.49%   -0.03% -1.78% -1.72% -1.59% -1.21% -0.44%
GBP -1.46% 0.03%   -1.75% -1.69% -1.56% -1.18% -0.41%
JPY 0.30% 1.78% 1.75%   0.08% 0.30% 0.77% 1.47%
CAD 0.21% 1.72% 1.69% -0.08%   0.15% 0.59% 1.30%
AUD 0.05% 1.59% 1.56% -0.30% -0.15%   0.39% 1.16%
NZD -0.31% 1.21% 1.18% -0.77% -0.59% -0.39%   0.77%
CHF -1.09% 0.44% 0.41% -1.47% -1.30% -1.16% -0.77%  

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).

 

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Bitcoin Price Bounces Back—Can It Finally Break Resistance?Bitcoin price started a recovery wave above the $83,500 zone. BTC is now consolidating and might struggle to settle above the $85,500 zone. Bitcoin started a decent recovery wave above the $83,500
Author  NewsBTC
Apr 02, Wed
Bitcoin price started a recovery wave above the $83,500 zone. BTC is now consolidating and might struggle to settle above the $85,500 zone. Bitcoin started a decent recovery wave above the $83,500
placeholder
U.S. March Nonfarm Payroll Preview: Even If Data Aligns with Expectations, Financial Markets May Not Escape the Fate of VolatilityOn 4 April 2025, the United States will release its March Nonfarm Payrolls (NFP) data. The market consensus currently anticipates job growth of 128,000, a decline from February’s 151,000 (Figure 1). W
Author  TradingKey
Apr 02, Wed
On 4 April 2025, the United States will release its March Nonfarm Payrolls (NFP) data. The market consensus currently anticipates job growth of 128,000, a decline from February’s 151,000 (Figure 1). W
placeholder
Japanese Yen spikes to multi-week high against USD after Trump’s tariffs announcementThe Japanese Yen (JPY) jumped to a three-week top against its American counterpart during the Asian session on Thursday after US President Donald Trump imposed sweeping trade tariffs.
Author  FXStreet
Yesterday 02: 36
The Japanese Yen (JPY) jumped to a three-week top against its American counterpart during the Asian session on Thursday after US President Donald Trump imposed sweeping trade tariffs.
placeholder
Bitcoin price reacts as Gold sets fresh record highs after Trump’s reciprocal tariffs announcementBitcoin price plunges towards $82,000 as Gold soars past $3,150 after US President Donald Trump imposed new tariffs on Israel and UK, triggering global markets turbulence.
Author  FXStreet
Yesterday 02: 38
Bitcoin price plunges towards $82,000 as Gold soars past $3,150 after US President Donald Trump imposed new tariffs on Israel and UK, triggering global markets turbulence.
placeholder
Bitcoin Price Forecast: Tariff volatility sweeps over $200 billion from crypto marketsBitcoin (BTC) price hovers around $83,000 at the time of writing on Thursday after it failed to close above a critical resistance level the previous day.
Author  FXStreet
16 hours ago
Bitcoin (BTC) price hovers around $83,000 at the time of writing on Thursday after it failed to close above a critical resistance level the previous day.
Related Instrument
goTop
quote