The US dollar rises on Thursday compared to Colombian peso after closing Wednesday’s day with a loss of 0.60%.
After reaching on Tuesday its best level at two weeks at 4,141.30, the USD/COP re -registered profits one day before the end of the negotiation week. The pair ha Started on Thursday testing a minimum of three days at 4,095.74, but subsequently has risen to a daily roof of 4,126.40.
The USD/COP quotes at the time of writing about 4,113.61, winning 0.28% daily.
Donald Trump announces that the tariffs to Canada and Mexico will be applied as of March 4, while the reciprocal will begin in April
- The US president, Donald Trump, has published in today’s American opening in the social network X in which he assured that 25% tariffs to Mexico and Canada will begin to be applied on March 4. The reciprocal taxes will be applied as of Aprilalthough it has not yet confirmed affected countries.
- The dollar has risen with force after the publication, with the dollar index (DXY), promoting 107.15, its highest level since February 20.
- The Petitions of Durable Assets of the US published today have revealed a 3.1% rise in energyeitherimproving the expected 2% and -2.2% planned. He American preliminary GDP of the fourth quarter has risen at a rate of 2.3% After increasing 3.1% the previous quarter, in line with the expected.
FAQS tariffs
Although tariffs and taxes generate government income to finance public goods and services, they have several distinctions. Tariffs are paid in advance in the entrance port, while taxes are paid at the time of purchase. Taxes are imposed on individual taxpayers and companies, while tariffs are paid by importers.
There are two schools of thought among economists regarding the use of tariffs. While some argue that tariffs are necessary to protect national industries and address commercial imbalances, others see them as a harmful tool that could potentially increase long -term prices and bring to a harmful commercial war by promoting reciprocal tariffs.
During the election campaign for the presidential elections of November 2024, Donald Trump made it clear that he intends to use tariffs to support the US economy. In 2024, Mexico, China and Canada represented 42% of the total US imports in this period, Mexico stood out as the main exporter with 466.6 billion dollars, according to the US Census Office, therefore, Trump wants to focus on these three nations by imposing tariffs. It also plans to use the income generated through tariffs to reduce personal income taxes.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
