The dollar sank 0.31% against the euro to $1.16 and tumbled 0.32% against the yen to 157.58. Meanwhile, gold rose 1.95% to a fresh record of $4,684.30 per ounce. Silver jumped 5.66% to $93.53, also a new high.

Finland warns of economic and security risks after US President Donald Trump threatens tariffs on European allies over Greenland, raising concerns over trade, trust, and transatlantic relations.

President Donald Trump has once again drawn his go-to diplomatic weapon — tariffs — to coerce the Iranian government to end its bloody crackdown on nationwide protests.

Yet almost a year on, the global economy has not tanked, raising the question: Was Trump right? In my view, it’s not that tariffs are not damaging but rather, their effects are being stretched over a longer period of time. Negative consequences are currently being offset by low levels of retaliation and high levels of AI investment.

Steep import taxes have raised prices and affected U.S. businesses, but not quite as much as expected. A new report offers some reasons.