The U.S. dollar rose on Tuesday after President-elect Donald Trump said he would impose tariffs on products coming into the United States from Mexico, Canada and China, as investors braced for policies that could set the stage for trade spats.

Canadian Prime Minister Justin Trudeau says if President-elect Donald Trump follows through on this threat to impose sweeping tariffs on Canadian products he would be raising prices for Americans and

The dollar rose against major peers on Tuesday after U.S. President-elect Donald Trump threatened Canada and Mexico with a 25% tariff on all imports into the United States. Stocks were weak after strong gains globally in the previous session following fund manager Scott Bessent being nominated as Treasury Secretary,