Markets react to Trump's tariff promise
- Posted on November 26, 2024
- By Bing News
- 3 Views
Markets react to Trump's tariff promise
SINGAPORE (Reuters) -U.S. President-elect Donald Trump said on Monday that on his first day in office he will impose a 25% tariff on all products from Mexico and Canada, and an additional 10% tariff on goods from China. The announcement sparked a dollar rally. It rose 1% against the Canadian dollar and 2% against the Mexican peso, while U.S. stock futures and share markets in Asia fell. [FRX/][