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1 MIN READ
Dollar moves higher against the yen as Trump announces tariffs
April 3, 2025
By Reuters
By Reuters
The dollar weakened against the euro and turned higher against the yen on Wednesday as US President Donald Trump began a long-awaited announcement of sweeping new tariffs that look certain to escalate a trade war with global partners, increase prices, and upend a decades-old trade order.
In late trade after Trump reiterated that the United States would impose 25% tariffs on foreign-made autos, the euro extended a rise to USD 1.0895, up 0.92%, while the dollar turned 0.38% higher against the yen to 150.20 yen.
(Reporting by Alden Bentley)
This article originally appeared on reuters.com