Trump said he would levy 25% tariffs on all Mexican and Canadian goods. “The risk of Trump's tariffs is suppressing risk sentiment. The US dollar is treated as a safe haven currency, and the currencies of affected countries such as the Mexican peso have been hit hard.” Mingze Wu, a foreign exchange trader at StoneX Financial, said, “This is probably just a microcosm of the future situation.”

Trump said he would levy 25% tariffs on all Mexican and Canadian goods. “The risk of Trump's tariffs is suppressing risk sentiment. The US dollar is treated as a safe haven currency, and the currencies of affected countries such as the Mexican peso have been hit hard.” Mingze Wu, a foreign exchange trader at StoneX Financial, said, “This is probably just a microcosm of the future situation.”