#TrumpTariffs 💢The dollar started the week more than compensating for all its previous declines, after Trump fulfilled the first imposition of tariffs in the countdown before the deadline set for Wednesday, imposing duties on imports from seven countries, mostly emerging ones.

The parity surged $ 12.6 to $ 943.6 at the close of this Monday, not far from its session highs. It was its largest increase since April 4, thus reversing its last weekly decline in Bloomberg's selling points compilation. The Argentine peso, South African rand, Colombian peso, and Chilean peso suffered the biggest losses among emerging markets, while the dollar index rebounded 0.3% to 97.5 points and Comex copper dropped 2.4% to US$ 5.02 per pound.

Interest rates rose in the longer segments of U.S. Treasury bonds, which resumed operations after an extended weekend due to Independence Day. The White House had anticipated the sending of tariff letters and also stated it would reveal trade agreements. Treasury Secretary Scott Bessent stated that tariffs would return to April 2 levels if no agreement is reached, but he also opened the door to further discussions.

Furthermore, "President Trump's threat to impose an additional 10% tariff on countries that support the policies of the Brics has intensified risk aversion, weakening emerging currencies such as the Chilean peso." He also stated that "locally, the pressure on the peso has been reinforced by a trade balance that was lower than the previous figure and slightly below market expectations. Additionally, the fall in the opening price of copper, one of the country's main export products, has accentuated the weakness of the Chilean currency."