Dollar slumps 1% on report of narrower Trump tariffs


LONDON: The dollar slumped 1% on Monday after a report said President-elect Donald Trump was mulling tariffs that would only be applied to critical imports, potentially a relief for countries that were expecting broader levies.

The Washington Post reported that Trump's aides were exploring plans that would apply tariffs to every country - but only on sectors seen as critical to national or economic security.

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