Dollar dips as Donald Trump eases stance on China tariffs

| 25 Jan 2025 6:49 PM IST

The dollar dropped to a one-month low after President Donald Trump appeared to soften his approach toward tariffs on China. Stock futures fluctuated after the S&P 500 scaled a fresh peak. The president said in an interview with Fox News that he would “rather not” use tariffs against the world’s second-largest economy. He has also, so far, held back from imposing tariffs on Europe, though he warned of levies against Canada and Mexico.

The dollar index dipped 0.4% on Friday and was on track for its biggest weekly decline in 14 months. Asian and European stocks rallied. Gold rose to near a record high, trading around $2,781 an ounce.

Tags: DollarDonald TrumpChina tariffs

Categories: Business & Economy

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An expert in visual journalism, Sandhya creates engaging news articles through infographics at Newsographics. With a background in journalism and graphic design, she transforms complex data into accessible visual stories. Her work enhances reader engagement and promotes understanding of important topics. Passionate about visual storytelling, she advocates for the integration of infographics in modern media practices.