since-the-nov

Trump recommits to ‘major border tax’ on foreign-produced U.S. products

President-elect Donald Trump on Wednesday promised a “major border tax” on companies that shift jobs outside the United States, further pressuring American businesses days after Fiat Chrysler Automobiles NV said heavy tariffs could force the company to shutter Mexican plants. Since the Nov. 8 election, Trump has taken to Twitter to call out by name a number of manufacturers with both planned and existing operations outside of the country. Trump, who will be sworn into office on Jan. 20, warned of a “very large border tax” on companies that…

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Trump recommits to ‘major border tax’ on foreign-produced U.S. products

since-the-nov

U.S. dollar posts 2016 gain on Trump victory, Fed forecasts

The dollar index , which measures the greenback against a basket of six major rivals, gained about 3.7 percent for the year. The index rose about 7.1 percent during the fourth quarter, more than half that gain coming since the Nov. 8 U.S. presidential election on expectations that U.S. President-elect Donald Trump's plan to boost fiscal stimulus would benefit the currency. A faster projected pace of rate hikes from the Federal Reserve next year also contributed.

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U.S. dollar posts 2016 gain on Trump victory, Fed forecasts