Speaking with reporters on Air Force One, US President Donald Trump said early Tuesday that he “wants tariffs “much bigger” than 2.5%” as proposed by Treasury Secretary Scott Bessent.
Speaking with reporters on Air Force One, US President Donald Trump said early Tuesday that he “wants tariffs “much bigger” than 2.5%” as Treasury Secretary Scott Bessent proposed. Trump said that he hasn't decided on the level yet. Market reaction The US Dollar is picking up fresh bids on these comments, with the US Dollar Index rising 0.51% on the day to 107.88 at the time of writing.
The currencies of nations that are heavy commodity exporters strengthen because of increased demand, and Cryptocurrencies rise. In a “risk-off” market, Bonds go up – especially major government Bonds – Gold shines, and safe-haven currencies such as the Japanese Yen, Swiss Franc and US Dollar all benefit.
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