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1 month ago
8
Dollar Falls to Near 6-Month Low After Tariff Announcement
By
Renae Dyer, Dow Jones Newswires
The dollar fell to a adjacent six-month debased aft President Trump announced sweeping tariffs connected U.S. trading partners.
The caller tariffs see a baseline work of 10% connected overseas imports and larger alleged reciprocal tariffs with a full tariff of 54% connected China, 46% connected Vietnam and 20% for the EU.
"The rumors of brushed tariffs up of the property league that gave a assistance to equities and U.S. Treasury yields going into the property league proved to beryllium wrong," Danske Bank expert Stefan Mellin said successful a note. "The result was worse than expected and it raises the hazard for a US recession."
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