Uncertainty Looms: Markets Waver as Trump Announces New Tariffs

The U.S. dollar retreated amid market uncertainty linked to impending reciprocal tariffs announced by President Trump. As investors digest the potential economic impacts, data reveals mixed inflation and consumer spending trends, further complicating market outlooks in the U.S., Europe, and Japan.

The U.S. dollar weakened on Friday, reflecting market uncertainty ahead of President Donald Trump's forthcoming announcement on reciprocal tariffs.

Concerns are rising among traders due to the expected April 2 imposition of tariffs. Analysts are cautioning that severe trade levies could affect economic growth and inflation.

Moreover, mixed economic data from the U.S. and Europe has added complexity to market predictions. Analysts are watching closely for further developments.

(With inputs from agencies.)