Markets respond to Trump's tariff announcement on Mexico, Canada, and China

U.S. President-elect Donald Trump announced he will impose a 25% tariff on products from Mexico and Canada, and a 10% tariff on goods from China, starting on his first day in office. This led to a rally in the U.S. dollar. The announcement caused the dollar to rise 1% against the Canadian dollar and 2% against the Mexican peso, while U.S. stock futures and Asian markets fell. Market reactions were mixed, with some analysts questioning the timing and potential impact of the tariffs. Analysts noted that Trump's comments may signal a push for early negotiations on trade agreements. The market's response reflects uncertainty about whether these tariffs will be implemented as stated.