India, March 25 -- The U.S. dollar declined against its major counterparts in the New York session on Tuesday amid optimism about some tariff exemptions by the Trump administration.
Trump said at an event on Monday that he "may give a lot of countries breaks" on reciprocal tariffs that are set to take effect April 2nd.
However, Trump also said he plans to impose tariffs on the automotive and pharmaceutical industries in the "very near future" and later added the lumber and semiconductor industries to his list of targets.
Trump's shift in tariff plans eased concerns over broader economic fallout and boosted risk sentiment.
Data from the Conference Board showed that consumer confidence in the U.S. deteriorated by more than expected in the...