USD up, equity indexes down as Trump kicks off trade war with tariffs

Trump hit Colombia with hefty tariffs, story is here from earlier:

• Trump slams Colombia with tariffs after it turns back migrant deportation planes

The President of Colombia responded with tit-for-tat tariffs:

• Colombian president orders increase of import tariffs on US goods

The action-response is likely to be the trade war model going forward:

• Trump hits a smaller economy with tariffs
• Smaller country hits back

The USD popped higher to open the week:

• Monday morning open levels – indicative forex prices – 27 January 2025

After a minor retrace its higher again now as Globex opens and equity indexes were marked down:

Trump won’t be signing this chart.

This article was written by Eamonn Sheridan at www.forexlive.com.