# Markets react to Trump's tariff promise

> The dollar rallied after Trump's tariff announcement, rising about 1% against the Canadian dollar and 2% against the Mexican peso. Asian share markets fell, European equity futures declined, and S&P 500 futures dropped 0.3%. The move reflected the market's reaction to the proposed trade measures.

- Date: 2024-11-26 · published 2024-11-26T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/27653-markets-react-to-trump-s-tariff-promise
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md), [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A stronger dollar makes US commodity exports more expensive for foreign buyers and pressures dollar-priced grain and oilseed values. Tariff uncertainty can also weigh on risk appetite and trade-sensitive feed commodities.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-12-03 | [Trump’s tariff threats fuel currency instability, market pressure](https://feedsoft.ai/events/12459-trump-s-tariff-threats-fuel-currency-instability-market-pressure.md) | -0.4% | +1.7% |
| DXY | 2024-11-26 | [Dollar jumps, stocks retreat after Trump vows tariffs](https://feedsoft.ai/events/27637-dollar-jumps-stocks-retreat-after-trump-vows-tariffs.md) | -0.0% | +1.1% |
| DXY | 2024-11-26 | [Morning Bid: Trump tariff threat jolts Canadian dollar, peso, yuan \| Reuters](https://feedsoft.ai/events/27607-morning-bid-trump-tariff-threat-jolts-canadian-dollar-peso-yuan-reuters.md) | -0.0% | +1.1% |
| DXY | 2025-02-27 | [EUR/USD tumbles as Trump threatens to impose reciprocal tariffs on April 2](https://feedsoft.ai/events/26274-eur-usd-tumbles-as-trump-threatens-to-impose-reciprocal-tariffs-on-april-2.md) | -0.6% | -0.8% |
| DXY | 2024-11-26 | [Trump tariff vow hits Mexican and Canadian currencies, yen firm \| Reuters](https://feedsoft.ai/events/27632-trump-tariff-vow-hits-mexican-and-canadian-currencies-yen-firm-reuters.md) | -0.0% | +1.1% |

## Sources

- reuters.com: https://www.reuters.com/markets/us/markets-react-trumps-tariff-vow-2024-11-26/

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