The dollar fell a little after US President Donald Trump agreed to retain the taxation of 25% tariffs in Canada and Mexico. However, a new price of 10% on China has taken effect and the country said it would retaliate with new prices on certain American imports.
It remains difficult to bet against the dollar because political uncertainty remains high and “Trump slaps the prices on the business partners apparently on a whim,” said Peppperstone Stratege Michael Brown in a note.
The dollar is supported by the demand for safe because the prices will have an impact on global growth, but also because this impact will be the least felt in the United States
