After Donald Trump took office, the initial volatility in financial markets settled as he considered implementing a 25% tariff on imports from Mexico and Canada. The US dollar, which had dipped initially, surged to five-year highs against the Canadian dollar, while Asian markets posted modest gains. Despite cautious reactions to Trump's executive orders, experts expressed relief over the lack of immediate tariffs, as investors watched developments at the World Economic Forum. European stocks had mixed reactions with minor fluctuations noted in indices across nations, while futures on US markets showed little movement after the initial surge.
The financial markets reacted calmly to Donald Trump’s election, with the US dollar initially falling but ultimately rising after he mentioned potential tariffs on Mexico and Canada.
Despite the muted response to Trump’s executive orders, Richard Hunter emphasized that investors found relief that immediate tariff announcements were not forthcoming.
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