India, Feb. 3 -- The commodity currencies such as Australia, the New Zealand and the Canadian dollars declined against their major currencies in the Asian session on Monday, after news the U.S. tariffs were put in place over the weekend, which led to concerns about higher inflation that will force the U.S. Fed to put a hold on interest rate cuts for longer.
White House press secretary Karoline Leavitt confirmed President Donald Trump's threatened tariffs will be levied against major U.S. trading partners beginning on Saturday February 1. Leavitt said the Trump administration will be implementing 25 percent tariffs on Mexico and Canada as well as a 10 percent tariff on China. Tariffs on oil and gas are likely by February 18. They also threa...