The euro is extending gains against the U.S. dollar after The Washington Post reported that the Trump administration is working on a methodology for new global tariffs on critical imports to affect only a few industries. Previously, it was feared that higher tariffs could cover a much broader portion of global trade.
President-elect Donald Trump's advisers are studying tariff plans that would apply to every country, but would cover only critical imports, said three people familiar with the matter, the agency reported.
If implemented, the emerging plans would limit the most sweeping elements of Trump's campaign plans, but would still likely sway global trade and have serious consequences for the US economy and consumers.
Source: xStation
Three Markets To Watch (20.04.2026)
Dollar Plummets After Opening of the Strait of Hormuz 💲📉 The Start of a Sharp Correction❓
Chart of the Day: Is the Yen Approaching a Breaking Point?
Morning Wrap: Trump Announces Ceasefire Between Israel and Lebanon
The material on this page does not constitute as financial advice and does not take into account your level of understanding, investment objectives, financial situation or any other particular needs.
All the information provided, including opinions, market research, mathematical results and technical analyses published on the website or transmitted to you by other means is provided for information purposes only and should in no event be interpreted as an offer of, or solicitation for, a transaction in any financial instrument, nor should the information provided be construed as advice of legal or fiscal nature.
Any investment decisions you make shall be based exclusively on your level of understanding, investment objectives, financial situation or any other particular needs. Any decision to act on information published on the website or transmitted to you by other means is entirely at your own risk. You are solely responsible for such decisions.
If you are in doubt or are not sure that you understand a particular product, instrument, service, or transaction, you should seek professional or legal advice before trading.
Investing in OTC Derivatives carries a high degree of risk, as they are leveraged based products and often small movements in the market could lead to much larger movements in the value of your investment and this could work against you or for you. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice.
