India, Jan. 31 -- The Japanese yen strengthened against other major currencies in the Asian session on Friday, as investor sentiment dropped on the sidelines after U.S. President Donald Trump announced that 25 percent tariffs on Canada and Mexico are coming on Saturday, although crude flows may be exempted from the levies.
He also pledged to move forward with 10 percent import duties on China and threatened 100 percent tariffs on BRICS nations over dollar replacement moves.
The European Union has started its "strategic dialogue" with key automotive stakeholders in Brussels and promised an "action plan" to help support the industry that is under threat from transition to carbon neutrality, Chinese competition and tariff threats.
The safe-...