US President-elect Trump: Washington Post story that I'll pare back my tariff policy is wrong

Eren Sengezer FXStreet

In response to the Washington Post story that said US President-elect Donald Trump's aides are considering tariffs that would be applied to every country but only cover critical imports, Trump said it was wrong.

"The story in the Washington Post, quoting so-called anonymous sources, which don't exist, incorrectly states that my tariff policy will be pared back. That is wrong. The Washington Post knows it's wrong. It's just another example of Fake News," Trump posted on Truth Social.

Market reaction

The US Dollar Index recovered from session lows following this development and was last seen losing 0.6% on the day at 108.25.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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