Dollar down in choppy trade on Trump tariff confusion

NEW YORK >> The dollar was lower today in choppy trading after conflicting reports about how aggressive President-elect Donald Trump’s tariff plans could be when he takes office. The dollar dropped as much as 1.07% on the session against a basket of major currencies after the Washington Post reported that Trump’s aides were exploring plans that would apply tariffs to every country – but only on sectors seen as critical to U.S. national or economic security, easing concerns about harsher and wider levies. The dollar then sharply pared declines after Trump denied the report in a post on his Truth Social platform.

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