The U.S. dollar rose on Friday on more signs of upheaval in the global trade landscape, as U.S. President Donald Trump announced more tariffs and said he planned to impose blanket levies of 15% or 20% on most trade partners.

BRICS members are India, Brazil, Russia, China, South Africa, Saudi Arabia, Egypt, United Arab Emirates, Ethiopia, Indonesia, and Iran.

SINGAPORE: The US dollar rose today, fuelled by upheavals in the global trade landscape, as US President Donald Trump announced more import tariffs, ranging from 35% on neighbouring Canada to plans for blanket levies of 15% or 20% on most trade partners.

President Donald Trump's antitrust enforcers recently cleared a string of multibillion-dollar deals in a week, demonstrating a willingness to settle with companies that marks a shift from the Biden administration.

Trump's tariffs may pose less threat to Asian markets than initially feared, wrote Goldman Sachs analysts. Tariffs may hurt markets, but if there's clear information about them, investors would feel less negative. North Asian markets face higher exposure, while Southeast Asia markets are less affected.

President Donald Trump says he's prepared to tariff and punish countries that challenge the U.S. dollar as the global reserve currency.

The Indian rupee weakened on Thursday on the back of dollar bids from foreign banks and a broadly stronger greenback, after U.S. President Donald Trump continued to up the ante on tariffs by announcing a 35% levy on Canadian imports starting August 1.

The Canadian dollar weakened sharply after President Trump ramped up the threat of higher tariffs against Canada, but recouped losses after White House officials clarified that the exemption in compliance with the USMCA trade pact would remain in place.

Analysts at Goldman Sachs reportedly warned on Thursday that the U.S. dollar may start trading as a “riskier” currency after it recently hit a three-year low amid global tariff tensions ignited by President Donald Trump’s trade war.

Oil prices were steady on Thursday as investors weighed the potential impact of U.S. President Donald Trump's tariffs on global economic growth, while a weaker dollar and signs of strong U.S. gasoline demand underpinned prices.