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Dollar slumps 1% on report of narrower Trump tariffs - REUTERS

JANUARY 06, 2025

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Summary

  • Dollar falls sharply after report on narrower tariffs
  • Euro and Australian dollar surge, Chinese yuan picks up
  • Dollar had traded at two-year high last week

LONDON, Jan 6 (Reuters) - The dollar slumped 1% on Monday after a report said President-elect Donald Trump was mulling tariffs that would only be applied to critical imports, potentially a relief for countries that were expecting broader levies.
The Washington Post reported that Trump's aides were exploring plans that would apply tariffs to every country - but only on sectors seen as critical to national or economic security.

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