The US dollar weakened on Apr. 3, after President Donald Trump announced new tariffs on imports, effective Apr. 9.

The tariffs will impose a 10% baseline levy on imports and higher duties on goods from 60 countries. This raised concerns about a potential global economic slowdown, triggering a broad market response.

Global stocks declined, while demand for bonds and gold increased. The yen rose 1.3% to 147.39 per dollar, and the Swiss franc climbed to a four-month high.