India, Jan. 28 -- The U.S. dollar strengthened against other major currencies in the Asian session on Tuesday, as U.S. President Donald Trump warned of higher universal tariffs and said he'll soon impose tariffs on foreign-produced semiconductors, pharmaceuticals and some metals in a push to increase U.S. production of the products.
In another major development, Scott Bessent, whom the Financial Times said backed gradual universal levies, was confirmed as the new Treasury Secretary under President Trump..
The U.S. Federal Reserve is widely expected to leave interest rates unchanged at its January meeting on Wednesday, but traders are likely to pay close attention to the accompanying statement for clues about the outlook for rates.
To jus...