Dollar tumbles on report of watered-down tariffs despite Trump pushback

Getty Images; Chelsea Jia Feng/BI

• The US dollar fell by as much as 1% on Monday after a report on Donald Trump's tariff plans.
• It suggested the administration might impose tariffs on critical imports rather than blanket duties.
• Trump denied the report, and the dollar recovered some losses.

The US dollar fell on Monday after a report from The Washington Post suggested the incoming Trump administration could issue watered-down tariffs.

President-elect...