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Tuesday, January 28, 2025

Dollar Rises as Trump Vows ‘Much Bigger’ Tariffs: Markets Wrap

 

  • Trump threatens levies on semiconductors, pharma and metals
  • Nasdaq futures claw back ground after DeepSeek-driven slump

US futures edged higher after Monday’s rout over valuations in the artificial-intelligence sector, while the dollar advanced after US President Donald Trump’s latest tariff threats.

The Bloomberg Dollar Spot Index climbed 0.5%, with the US currency strengthening against all its Group-of-10 peers, as Trump said he wanted far larger across-the-board tariffs than the 2.5% said to be favored by new Treasury Secretary Scott Bessent. Copper fell on Trump’s comments that he planned to impose import tariffs on the metal, as well as aluminum and steel.

https://www.bloomberg.com/news/articles/2025-01-27/stock-market-today-dow-s-p-live-updates

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