India, March 13 -- The U.S. dollar climbed higher against its major counterparts on Thursday with rising worries about the impact of the tariff war between the U.S. and some major trading partners pushed up the demand for the safe-haven currency.
After the European Union said it would impose tariffs on approximately $28 billion worth of U.S. goods in response to U.S. tariffs on steel and aluminum imports, U.S. President Donald Trump warned that he would react with reciprocal tariffs.
Trump later threatened in a post on Truth Social to impose a 200% tariff on all wines, champagnes and alcoholic products coming out of the EU in response to a "nasty" 50% tariff on whisky.
In economic news, a report released by the Labor Department showed in...