Dollar Turns Lower After Trump Announces New Tariffs

Core Viewpoint - The announcement of new tariffs by Trump, including a 100% levy on drugs from companies not building plants in the U.S., has led to a decline in the value of the dollar [1] Group 1 - The new tariffs specifically target pharmaceutical companies that do not invest in U.S. manufacturing [1] - The 100% levy on drugs is a significant increase that could impact pricing and availability in the market [1] - The announcement has immediate effects on currency valuation, as evidenced by the dollar turning lower [1]