Thursday, 11 September 2025
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Dollar Weakens As Trump Announces Auto Tariffs
Thursday, 27 March 2025 09:31 WIB | US DOLLAR |DOLLAR

The dollar index fell below 104.5 on Thursday, paring gains from the previous session as investors weighed the impact of Trump's new auto tariffs. Late Wednesday, President Trump announced a 25 percent tariff on all imported cars and light trucks, which will go into effect on April 2, along with reciprocal tariffs on countries with levies on U.S. goods—measures he has vowed to maintain during his second term. The escalating trade war has stoked concerns about slower U.S. economic growth and renewed inflationary pressures, unsettling financial markets. U.S. consumer confidence plunged to its lowest level in more than four years, adding to worries. Meanwhile, data on Wednesday showed that new orders for nondefense capital goods excluding aircraft—a key gauge of business investment—suddenly fell after three months of gains. Investors are now turning their attention to Friday's PCE price index report, the Fed's preferred measure of inflation. (Newsmaker23)

Source: Trading Economics

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