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Emerging market currencies fell against a stronger dollar after U.S. President-elect Donald Trump announced wide-ranging tariffs on imports from Canada, Mexico, and China. Mexico's peso and the Canadian dollar reached new lows, while South Africa's rand and Hungary's forint also weakened. Economists predict increased uncertainty amid Trump's tariff policies. Emerging market currencies saw a decline against the dollar as U.S. President-elect Donald Trump announced plans to impose major tariffs o ...Read More >
U.S. President-elect Donald Trump said on Monday that on his first day in office he would impose a 25% tariff on all products from Mexico and Canada, and an additional 10% tariff on goods from China, citing concerns over illegal immigration and the trade of illicit drugs. "On January 20th, as one of my many first Executive Orders, I will sign all necessary documents to charge Mexico and Canada a 25% Tariff on ALL products coming into the United States, and its ridiculous Open Borders," Trump sa ...Read More >
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