The tariffs from 25 percent on goods from Japan and South Korea announced by US President Donald Trump clearly boosted the dollar in the US trade course on Monday.
In return, the euro came under pressure after its latest stabilization.
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The course of the community currency was then briefly under $ 1.17 in the US trade. Finally, he recovered something again and was traded with $ 1.1717. The European Central Bank set the reference course in Frankfurt in the afternoon to $ 1.1728 (Friday: 1.1767). The US dollar cost 0.8526 (0.8498).
Trump sent the first of several announced letters to countries with new customs regulations this Monday, including Japan, South Korea, South Africa and Malaysia. The tariffs should come into force on August 1st. The spokeswoman for the White House said that mutual tariffs or the new tariffs listed in the letters will come into force – “or agreements are made”.
In the further course of trade it became known that Trump wanted to postpone the tariffs that were previously targeted for this Wednesday (July 9) to the total of August 1st. He will sign a corresponding decree this Monday, said his spokeswoman Karoline Leavitt. Import exposure should now be off the table until then – however, many details are still open, including how the EU and the USA want to do trade in the future.
dpa (AFX)