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Trump's tariffs on steel and aluminum spark currency shifts and trade war fears.
U.S. President Trump's announcement of 25% tariffs on steel and aluminum imports led to a rise in the U.S. dollar and a fall in currencies like the euro, Canadian dollar, and Australian dollar.
Trump also plans to introduce reciprocal tariffs, fueling concerns over a global trade war.
Despite a strong U.S. jobs report, analysts suggest tariffs could drive inflation and pressure the Federal Reserve to keep interest rates high.
2 months ago
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