Dollar Falls to Near Six-Month Low After Tariff Announcement -- Market Talk

Dow Jones04-03

0612 GMT - The dollar falls to a near six-month low after President Trump announced sweeping tariffs on U.S. trading partners. The new tariffs include a baseline duty of 10% on foreign imports and larger so-called reciprocal tariffs with a total tariff of 54% on China, 46% on Vietnam and 20% for the EU. "The rumors of soft tariffs ahead of the press conference that gave a lift to equities and U.S. Treasury yields going into the press conference proved to be wrong," Danske Bank analyst Stefan Mellin says in a note. "The outcome was worse than expected and it raises the risk for a US recession." The DXY dollar index falls to a low of 102.728. (renae.dyer@wsj.com)

(END) Dow Jones Newswires

April 03, 2025 02:12 ET (06:12 GMT)

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