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Tariffs: Taiwan Dollar Surges, Trump Plans 100% Levy on Foreign Films | The Opening Trade 05/05
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May 5, 2025
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1:35:45Now PlayingBroad US dollar weakness sent Asian currencies higher, with the Taiwanese dollar surging as much as 5% in the biggest intraday gain in over three decades. President Donald Trump announced Sunday that he plans to impose a 100% tariff on films produced overseas, extending his restrictive trade policies on US imports to the entertainment sector for the first time. Trump also suggested that his administration could strike trade deals with some countries as soon as this week, offering the prospect of relief for trading partners seeking to avoid higher US import duties.
The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Kriti Gupta, Lizzy Burden and Tom Mackenzie.
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