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
The Australian Dollar (AUD) rebounded on Monday, recovering losses from the previous two sessions against the US Dollar (USD).
TradingKey - It’s been a rough few weeks for stock markets at technology stocks, in particular, have been hard hit by the uncertainty surrounding the impact of tariffs on the US economy.Of course, the
On 12 March 2025, the United States will release the Consumer Price Index (CPI) data for February. Market consensus predicts that the year-over-year growth rates for Headline CPI and Core CPI will rea
EUR/USD bidders found the gas pedal on Tuesday, bolstering Fiber further and sending the pair back into the 1.0950 level, albeit briefly.
XRP continues its decline, falling 10% over the past week as bearish momentum strengthens.The fourth-largest cryptocurrency by market capitalization remains under pressure, with waning buying interest
