
The rupiah opened weaker on Monday morning, falling 0.35% to 16,339.5 per dollar after Trump announced 25% tariffs on all steel and aluminium imports. Trump also said reciprocal tariffs would be announced later that week, and China's retaliatory tariffs on US goods began the same day.
New metals tariffs and promised reciprocal duties add to global trade-war risk, pressuring emerging-market currencies and Asian feed import costs.
Not enough comparable past events yet for a historical read.
After 45 past bullish trade events, US Dollar (Broad) moved a median -0.0% over 5 sessions (42% higher; middle half -0.3% to +0.4%), and -0.0% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.