The USD has reversed its earlier gains following the announcement of a 25% tariff on all cars not made in the USA by President Trump. Initially, the USD strengthened after the announcement, but this trend has now shifted.

The market reacts to the uncertainty these tariffs may create for international trade. Concurrently, the EUR/USD pair rises above the 1.0760 level in response to the changes in sentiment surrounding the US Dollar.

Investors must stay informed about the ongoing developments related to trade tariffs and their broader market implications. This situation highlights the intricate relationship between currency values and geopolitical events.