Something different is happening to the U.S. dollar, which recently completed its worst first half of any calendar year since at least the 1970s: The dollar is strengthening this week, despite President Donald Trump’s ongoing tariff talk.

President Donald Trump late Thursday threatened a 35% tariff on goods imported from Canada, a dramatic escalation in an on-again, off-again trade war with America’s northern neighbor and one of its most important trading partners.

The US is working toward an interim trade deal with India that may reduce its proposed tariffs to below 20%, people familiar with the matter said, putting the South Asian nation in a favorable position against its peers in the region.

Plus, the Justice Department has subpoenaed 20 doctors and clinics involved in “performing transgender medical procedures on children.”

U.S. consumers face an effective U.S. tariff rate of more than 20%, the highest since the early 1900s, the International Chamber of Commerce has estimated following President Donald Trump's import levy announcements this week.

The return of tariff threats has put renewed pressure on longer-term U.S. Treasurys. The yield on the 30-year U.S. Treasury bond was re

With government red ink swelling throughout the year, June saw a surplus of just over $27 billion, following a $316 billion deficit in May. Customs duties totaled about $27 billion for the month, up from $23 billion in May and a 301% gain from June 2024.

Gold futures rose Friday for the third straight session, as investors regained their appetite for the safe-haven play following President Trump's threats to impose steep tariffs on trade partners, while silver continued its climb to the highest level in nearly 14 years.