US President Trump to stop short of imposing day-one tariffs – Reuters
Source Fxstreet
US President-elect Donald Trump, who takes office on Monday, will reportedly refrain from announcing day-one tariffs at his inauguration address, per Reuters.
"The official, confirming a Wall Street Journal report, said Trump will direct agencies to investigate and remedy persistent trade deficits and address unfair trade and currency policies by other nations," Reuters further added.
Market reaction
The US Dollar (USD) came under selling pressure following this report. At the time of press, the USD Index was down 1.2% on the day at 108.10.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Ethereum Forms A Bullish Continuation Pattern, An Upsurge To New Heights Ahead?Amidst a strong resurgence of the general crypto market, Ethereum has gained traction as evidenced by a rebound from the $2,900 threshold. Recording an over 10% upswing in the last few days, ETH continues to maintain its position as a leading crypto asset capable of witnessing significant growth in the ongoing bull cycle. Strong Momentum […]
Amidst a strong resurgence of the general crypto market, Ethereum has gained traction as evidenced by a rebound from the $2,900 threshold. Recording an over 10% upswing in the last few days, ETH continues to maintain its position as a leading crypto asset capable of witnessing significant growth in the ongoing bull cycle. Strong Momentum […]
Gold clings on to $2,700 ahead of Trump’s inaugurationGold’s price (XAU/USD) trades flat and holds around $2,700 on Monday after an earlier decline during the Asian session as traders are concerned over President-elect Donald Trump being sworn in as the 47th United States (US) President later in the day.
Gold’s price (XAU/USD) trades flat and holds around $2,700 on Monday after an earlier decline during the Asian session as traders are concerned over President-elect Donald Trump being sworn in as the 47th United States (US) President later in the day.
TradingKey - Donald Trump’s inauguration takes place today, January 20, and as a vocal Bitcoin supporter, Bitcoin near the $110,000 mark on Monday.One of Trump’s boldest proposals is the Bitcoin Reser
Euro (EUR) is under mild downward pressure; it could dip below 1.0255 but is unlikely to reach the major support at 1.0220.
The leading coin, Bitcoin (BTC), has touched a new all-time high of $109,350 during Monday’s early trading session. This surge comes amid the broader market decline that has persisted over the past 24
