The U.S. dollar eased almost across the board on Wednesday as investors waited for inflation data and remained cautious about President-elect Donald Trump's tariff pledges, amid portfolio rebalancing before month end.

Stock markets fell and the dollar rallied Tuesday after Donald Trump warned he would impose huge new tariffs on China, Mexico and Canada on his first day in office, dealing a blow to hopes of a more moderate approach to trade policy.

China's state media warned U.S. President-elect Donald Trump his pledge to slap additional tariffs on Chinese goods over fentanyl flows could drag the world's top two economies into a mutually destructive tariff war.

The dollar rose against major peers on Tuesday after U.S. President-elect Donald Trump threatened Canada and Mexico with a 25% tariff on all imports into the United States. Stocks were weak after strong gains globally in the previous session following fund manager Scott Bessent being nominated as Treasury Secretary,

No One Will Win a Trade War,' China Says After Trump Tariff Threat WASHINGTON (Reuters) - Neither the United States nor China would win a trade war, the Chinese Embassy in Washington said on Monday, after U.

MSCI's global equities index edged lower and the dollar slipped with Treasury yields on Wednesday as investors digested the latest economic data and the potential impact of policies from the incoming U.

The dollar advanced after President-elect Donald Trump vowed additional tariffs on Mexico, Canada and China, upending recent macro bets on more measured economic plans from the next administration.