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Incoming US president Donald Trump denies report he’ll soften stance on tariffs as he prepares to take power

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Incoming US president Donald Trump denies report he’ll soften stance on tariffs as he prepares to take power

Incoming US president Donald Trump has pledged broad tariffs to bolster the US economy. Photo: Bloomberg

Global stocks rose while the US dollar index dropped yesterday after US president-elect Donald Trump denied a newspaper report that his incoming administration would likely pursue a less-aggressive tariff policy than he previously threatened.

European stocks and currencies climbed following a Washington Post report earlier on Monday that Trump aides were exploring tariff plans that would be applied to every country but only cover certain sectors deemed critical to national or economic security.

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