有媒体报道称，特朗普的助手正在研究一项关税计划，该计划将针对所有国家，但仅涵盖关键进口商品。与之相比，特朗普此前扬言，要对所有进口商品征收10%至20%的关税。① The USD index fell more than 1% during the day but recovered nearly one-third of the decline shortly before this report; ② Reports suggest that a tariff plan being studied by Trump’s aides will target all countries but only cover key imported goods, while Trump denied on Social Media that the tariff policy would be reduced.
According to Caixun on January 6 (editor Zhao Hao), on Monday (January 6) during the early session in New York, the USD index declined as the market bets that President-elect Donald Trump's tariff policy will not be as broad as initially feared.
The USD index, which measures the dollar against six major currencies, fell by more than 1% during the day, reaching a low of 107.746. The last time such a large daily decline was recorded was on August 2, 2024, when it fell by 1.06%.
Reports indicate that Trump's aides are studying a tariff plan that would target all countries but only cover key imported goods. In contrast, Trump had previously threatened to impose tariffs of 10% to 20% on all imported goods.
It was reported that preliminary discussions mainly focused on several key industries that the Trump team wants to bring back to the USA, including the defense industry supply chain (by imposing tariffs on Steel, Iron, Aluminum, and Copper), key Medical Devices (such as syringes, needles, vials, and medical materials), and Energy production (such as Battery, rare earth minerals, and CECEP Solar Energy panels).
However, shortly before this report, Trump wrote on Social Media, "This report cites so-called anonymous sources that do not exist and falsely claims that my tariff policy will be reduced. This is wrong and another example of fake news."
As a result of this news, the USD recovered nearly one-third of its decline, currently reported at 108.345.
The outside world believes that if Trump implements radical tariff policies, it may expose the USA economy to the risk of 're-inflation,' which in turn would force the Federal Reserve to apply the brakes on interest rate cuts earlier, thus providing support for the USD.
Last month, when announcing the decision, the Federal Reserve released the latest economic outlook, with 10 of the 19 members of the Federal Open Market Committee (FOMC) believing that by the end of 2025, the target range for the federal funds rate will fall between 3.75% and 4%.
Assuming a rate cut of 25 basis points each time, the Federal Reserve may only cut rates twice next year, a significant reduction from the previously expected four times. Chairman Powell mentioned at the press conference that the monetary policy stance has clearly reduced restrictions and it is appropriate to slow down adjustments.
Editor/lambor
