India, Jan. 31 -- The U.S. dollar firmed against its most major counterparts in the New York session on Friday amid concerns about President Donald Trump's renewed pledge to slap 25 percent tariffs on imports from Canada and Mexico on February 1.
On Thursday, Trump said he would follow through on his threat to impose 25 percent tariffs on imports from Canada and Mexico as early as Saturday, although crude flows may be exempted from the levies. He cited the flow of fentanyl and large trade deficits as among the reasons for the decision.
Trump also reiterated possible levies on China and threatened 100 percent tariffs on BRICS nations over dollar replacement moves.
Data from the Commerce Department showed that consumer prices in the U.S. i...