# Dollar jumps, stocks retreat after Trump vows tariffs

> The dollar rallied sharply after Trump pledged tariffs on all imports from Canada and Mexico and extra tariffs on China, with the dollar up 1.6% against the peso to 20.60. Stocks fell after gains from the Bessent Treasury nomination.

- Date: 2024-11-26 · published 2024-11-26T12:00:00.000Z
- Category: trade · region Global · magnitude medium
- Page: https://feedsoft.ai/events/27637-dollar-jumps-stocks-retreat-after-trump-vows-tariffs
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md), [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Tariffs on Canada, Mexico and China threaten US farm export demand, and a stronger dollar makes US grain less competitive abroad.

## Read by commodity

- DXY: bullish ▲
- USDCAD: bullish ▲
- USDCNY: bullish ▲
- USDMXN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-08-01 | [Dollar falls against yen after Trump whacks China with more tariffs \| Reuters](https://feedsoft.ai/events/57813-dollar-falls-against-yen-after-trump-whacks-china-with-more-tariffs-reuters.md) | -1.8% | -1.3% |
| SOY | 2025-01-21 | [Morning Bid: 'Stop-Go' Trump tariff trades whiplash dollar \| Reuters](https://feedsoft.ai/events/12675-morning-bid-stop-go-trump-tariff-trades-whiplash-dollar-reuters.md) | +1.1% | +0.4% |
| SOY | 2019-05-06 | [China stocks, yuan tumble on Trump's fresh tariff threats \| Reuters](https://feedsoft.ai/events/59287-china-stocks-yuan-tumble-on-trump-s-fresh-tariff-threats-reuters.md) | -3.9% | +6.0% |
| SOY | 2018-09-18 | [Trump’s tariffs rattle Korea a bit](https://feedsoft.ai/events/63293-trump-s-tariffs-rattle-korea-a-bit.md) | +2.1% | +8.3% |
| SOY | 2019-08-02 | [Yen surges after Trump trade salvo wipes out dollar rally](https://feedsoft.ai/events/57809-yen-surges-after-trump-trade-salvo-wipes-out-dollar-rally.md) | +2.1% | +1.1% |
| CORN | 2019-05-31 | [Peso plunges vs the US dollar after Trump announces Mexican import tariffs](https://feedsoft.ai/events/59297-peso-plunges-vs-the-us-dollar-after-trump-announces-mexican-import-tariffs.md) | -2.5% | +3.0% |
| CORN | 2019-06-08 | [Trump calls off tariffs after Mexico vows to tighten borders](https://feedsoft.ai/events/58813-trump-calls-off-tariffs-after-mexico-vows-to-tighten-borders.md) | +5.9% | +4.8% |
| CORN | 2019-05-06 | [China stocks, yuan tumble on Trump's fresh tariff threats \| Reuters](https://feedsoft.ai/events/59287-china-stocks-yuan-tumble-on-trump-s-fresh-tariff-threats-reuters.md) | -3.2% | +10.5% |

## Sources

- cnbc.com: https://www.cnbc.com/2024/11/26/dollar-jumps-stocks-retreat-after-trump-vows-tariffs.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.