The US dollar suffered a sharp drop this Monday after the Wall Street Journal reported that the president donald trump He will not implement new tariffs on his first day in office, as had been speculated.
The North American currency fell 1.12% against the euro, standing at 1.0388 dollars per European currency, and 0.92% against the pound sterling, closing at 1.2282 dollars. The publication of the article generated a rapid reaction in the currency markets, reducing commercial uncertainty.
According to the report, Trump plans to issue a memorandum this Monday to study trade policies and review the United States’ economic relations with China and other countries, but will rule out imposing immediate tariffs on Mexico, Canada or Chinese products, as he promised last November during his speech. Campaign.
The Republican magnate had stated that he would apply protectionist measures on his first day in office, including new tariffs on Mexico and Canada, as well as on a range of products from China. These promises fueled fears in markets about possible retaliation and global trade tensions.
Economic analysts interpret the decision to postpone these actions as a sign of caution on Trump’s part, which has momentarily reduced volatility in the exchange market.
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