March 4, 2025 – Written by Frank Davies
STORY LINK Pound to Dollar Rate Jumps as Trump Tariffs Fail to Support USD
Overnight, President Trump followed through with his threat and imposed 25% tariffs on Canada and Mexico as well as increasing tariffs on China.
There had been expectations that the dollar would gain ground if tariffs were imposed, but the currency has lost ground and overall currency moves have been contained.
The Canadian dollar and Mexican Peso, for example, have also pared losses while the Euro has also…
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