The U.S dollar rose against some currencies on Tuesday after U.S. President-elect Donald Trump pledged to impose new tariffs on imports from Canada, Mexico and China, while MSCI's global equity index was higher after the release of the Federal Reserve's latest meeting minutes.

General Motors, Ford and Stellantis shares slid Tuesday after President-elect Trump threatened 25% tariffs on all imports from Canada and Mexico. The move by the new administration would likely stop American car demand in its tracks,

On Tuesday, the S&P 500 and Nasdaq saw gains, primarily due to tech stocks, while markets reacted to policy announcements by Donald Trump about tariffs on imports. Although some viewed the tariff threats as strategic negotiation tactics,

Global stocks paused and the dollar slipped on Wednesday as concerns over the potential impact of U.S. tariffs when Donald Trump returns to the White House prompted traders to take some profits off the table before the month ends.