5 questions facing Trump on trade ahead of his Feb. 1 tariff deadline
Questions are swirling about what President Trump's trade policy will be in the wake of the failure of Day 1 tariffs on traditional U.S. trading partners. President Trump released a trade policy memo on his first day in office, directing federal agencies to examine U.S. trade with China and reevaluating the latest trade agreement between […]
EUR/USD trades cautiously as investors await whole Trump's tariff structure – FXStreet
The US dollar has gained strength due to concerns about global economic growth due to President Trump's tariffs, and the EUR/USD pair has been swinging around 1.0400. ECB President Lagarde advised that Europe should prepare to respond to President Trump's tariff hikes. The Fed and ECB are scheduled to announce their first monetary policy decisions […]
EUR/GBP flat lines near 0.8450 amid Trump tariff threats, growing BoE rate cut bets – FXStreet
In early European trading on Wednesday, EUR/GBP remained flat around 0.8440. The euro fell after President Trump vowed to impose tariffs on the EU. Britain's unemployment rate rose in the three months to November, raising the possibility that the Bank of England will cut interest rates next month. Early in European trading on Wednesday, the […]
Gold prices hit 11-week high on safe-haven demand amid Trump tariff threats – Investing.com
Investing.com — Gold prices rose slightly in Asian trading on Wednesday to an 11-week high, as demand for the safe-haven asset rose amid concerns about U.S. tariffs under President Donald Trump's administration. The stock continued to rise for three consecutive sessions. By 01:45 ET (6:45 p.m. Japan time), February maturity rose 0.2% to $2,766.57 an […]
Stocks Rally on Tariff Delay in Market Mesmerized by Trump – Yahoo Finance
(Bloomberg) — One business day into President Donald Trump's second term, it's clear there is new momentum in the stock market, at least for now. Stocks rallied on Tuesday, but the main gains came from the one thing the president didn't do: enact sweeping tariffs on major trading partners. Most Read Articles on Bloomberg The […]
Japanese Stocks Wobble As Trump Unveils Tariff on Mexico, Canada – Yahoo Finance
(Bloomberg) – Japanese stocks were flat on Tuesday, stabilizing after an early swing after U.S. President Donald Trump said he would impose tariffs on imports from Canada and Mexico next month. Following a Wall Street Journal report, President Trump's pledge dashed hopes for a more moderate trade policy. Most Read Articles on Bloomberg The TOPIX […]
USD/CAD touches the lowest since December 17 after tariff reprieve – ForexLive
The Canadian dollar has moved significantly today, trading in a 220 pips range. The pair rose to a year-to-date high of 1.4485 on concerns that President Trump could impose first-day tariffs of up to 25% on Canada, sparking retaliation and a trade war. But the WSJ report emphasized that President Trump only plans to sign […]
Gold News: Trump Tariff Fears Drive XAU/USD Hedging Demand – FX Empire
Gold remains above key $2,700 level despite pullback spot gold It remains above $2,700 and is up 0.51% this week. Friday's slight pullback can be attributed to profit-taking rather than a major reversal in the market. Earlier this week, gold hit a one-month high and is just $65 shy of its October all-time high of […]
House Dems threaten to block Trump’s big tariff plans: ‘Unacceptable’
House Democrats are trying to block President-elect Donald Trump from enacting sweeping tariff plans days before he takes office. The new bill, led by Reps. Susan DelBene, D-Wash., and Don Beyer, D-Virginia, and supported by 11 other Democrats, would allow President Trump to use his executive emergency powers to increase import taxes. The contents will […]
Canada sends Trump 'message' with retaliatory tariff talk
Canada needs to send a “message” to President-elect Trump about tariffs, one provincial leader said Wednesday, along with Prime Minister Justin Trudeau, who said the threatened tariffs were unnecessary. The outgoing leader said Canada will respond “with purpose, forcefully and decisively” if the Trump administration imposes tariffs. Prime Minister Trudeau: 'We won't sugar coat it'said […]