Following Monday’s significant risk-off moves on worries that US dominance in artificial intelligence technology may be waning, the dollar strengthened versus the yen and euro on Tuesday due to fresh threats of US tariffs, leaving traders with little time to recover.
President Donald Trump’s failure to raise tariffs on US trading partners as soon as he took office last week has swiftly eroded any market respite.
In an attempt to persuade manufacturers to produce computer chips, pharmaceuticals, and steel domestically, Trump declared his intention to slap taxes on these imports.
That heated exchange occurred the day after the United States and Colombia backed off from a potential trade war after the White House announced that the South American country had consented to
