The U.S. dollar rose against major currencies including the yen and euro as President Donald Trump rekindled trade tensions with new tariffs on Canada and other trading partners.

"Tariffs are coming in at record levels," President Donald Trump said on Tuesday at the White House Cabinet meeting. "The big money will start coming in on August 1st." The president was referencing tariff letters he's sending to other nation's leaders stipulating the tariff levels the U.

President Donald Trump says he's prepared to tariff and punish countries that challenge the U.S. dollar as the global reserve currency.

Gold rose on Friday after U.S. President Donald Trump announced new tariffs on Canadian imports and broader tariff threats to other trading partners, but gains were capped by a stronger dollar amid mounting signs of turmoil in global trade landscape.

The U.S. dollar has firmed up against its major counterparts, as sentiment toward the greenback improved due to its safe-haven appeal amid the ongoing tariff uncertainties. The U.S. Dollar Index edged up 0.

President Donald Trump’s plan to hit Brazil with a 50% import tax on Aug. 1 threatens to increase prices for coffee and orange juice, two of the South American country’s key products.

President Donald Trump's antitrust enforcers recently cleared a string of multibillion-dollar deals in a week, demonstrating a willingness to settle with companies that marks a shift from the Biden administration.