Global markets are experiencing some volatility this Tuesday morning, marked by a rebound in the dollar in choppy trading. This turbulent rally coincides with the first economic statements of Donald Trump’s presidency.
Trump’s return to the White House has generated tensions on the markets, with immediate consequences for currencies. The Mexican peso, for example, fell 1% against the dollar, while the Canadian dollar fell to a five-year low of C$1.4515.
The US President’s comments on tariffs rekindled investors’ fears : he intends to impose 25% tariffs on imports from Mexico and Canada, a measure that could come into force as early as February 1. This has taken analysts by surprise, especially as administration officials had recently suggested that any new tax would be implemented in a “measured” way.
Initial impact on stock markets
Early global trading was particularly sensitive to Donald Trump’s trade policies. After a brief relief linked to the absence of immediate tariff measures, markets quickly reversed their gains, particularly after Trump detailed his intentions, including reducing the US trade deficit with the European Union, whether through tariffs or increased energy exports.
To continue reading this article, subscribe or log in to your account
Discover our plans
- Every day, keep up to date with the latest business news from the world of luxury.
- Receive the essential luxury business news by email every week
- Access all our events
- The Luxury Journals and Luxus Magazine in print and digital versions
Subscribe for 1€
Become an active member of the community of luxury leaders.
Read also > [STOCK MARKET UPDATE] : Luxury goods and a slowdown in inflation boost the CAC 40
Featured photo : © Getty Images
