Global Markets Sees Soaring Dollar and Trump Confirms Tariffs
Global stocks were mixed on Thursday, with the US dollar rising by 0.6% against a basket of currencies following President Donald Trump's confirmation that his proposed tariffs on Mexico and Canada will go into effect on March 4. The news drove up the value of the US dollar and sparked concerns about the impact on global trade and economic growth. Meanwhile, Rolls-Royce announced its first dividend in five years and UK prime minister Keir Starmer met with Trump for the first time since his inauguration.
- The escalating trade tensions between the US and its allies could have far-reaching consequences for the global economy, including potential disruptions to supply chains and increased costs for consumers.
- What role do emerging markets, such as China and India, play in mitigating or exacerbating the effects of these tariffs on global economic growth?