Significant risks to economic growth
The EUR/USD pair appreciated by +1.18% to 1.0956, a six-month high.
US President Donald Trump announced historic new tariff measures this week. These include a minimum 10% tariff on all imports into the United States and higher tariffs for certain major trading partners, effective April 9th. In particular, an additional 34% tariff for China and 20% for the European Union. This announcement revived concerns about global economic growth due to the risk of escalating trade tensions. Shockwaves spread through international financial markets, weakening the Dollar this week.
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