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Dollar rises after Trump tariff vows jolt Canada and Mexico

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The US dollar rose on Tuesday (Nov 26) after President-elect Donald Trump said he would impose tariffs on products coming into the United States from Mexico, Canada and China, as investors braced for policies that could set the stage for trade spats.
The U.S. dollar strengthened following President Donald Trump's announcement of potential new tariffs on Canadian and Mexican metals, which introduced uncertainty into ongoing trade negotiations. This move was perceived as a strategy to pressure Canada and Mexico into making concessions in the trade talks. The dollar's rise was also influenced by a general increase in risk aversion among investors, as the tariff threats could potentially disrupt global trade dynamics. Meanwhile, the Canadian dollar weakened, reflecting concerns over the economic implications of the proposed tariffs. This development comes amidst a backdrop of Trump's broader trade war, particularly with China, further complicating international trade relations.

Read the Full Business Times Article at [ https://www.businesstimes.com.sg/companies-markets/banking-finance/dollar-rises-after-trump-tariff-vows-jolt-canada-and-mexico ]