India, March 3 -- The U.S. dollar drifted lower on Monday, losing ground against almost all its major counterparts, amid rising concerns about global growth, and prospects of a rate cut by the Federal Reserve earlier than expected.
The levy of fresh tariffs against Canada, Mexico and China, that are set to become effective from Tuesday (March 4).
During an appearance on Fox News over the weekend, Commerce Secretary Howard Lutnick described the proposed 25% tariffs on imports from Mexico and Canada as "fluid" but said the additional 10% tariff on imports from China is "set."
Trump later clarified that the 25% tariffs on imports from Mexico and Canada will take effect tomorrow and reciprocal tariffs on other U.S. trade partners will be imp...