New Delhi, Jan. 29 -- US President Donald Trump's approach in the second term on tariff announcements has been perceived by markets as a more gradualist approach compared to his earlier aggressive campaign rhetoric, as per a report by Union Bank of India.

While Trump has threatened to impose tariffs on goods from several countries including China, Mexico, Canada, and the Eurozone, the current actions are more gradual than initially expected, leading to a measured response from financial markets.

The report noted that the Dollar Index (DXY) has corrected by approximately 1 per cent since January 20, 2025, as markets view Trump's initial tariff announcements as less severe than anticipated.

For instance, Trump has proposed a 10 per cent ...