Trump claimed that reports about tariffs are not true, and the US dollar index briefly rose.

President-elect Trump on Monday denied a report about his tariff policy on the social media platform Truth Social. He said that the article in The Washington Post quoted "non-existent anonymous sources" and falsely claimed that his tariff policy would be reduced. He stated, "The Washington Post's report is incorrect, they know this is fake news. This is another example of fake news." Following this announcement, the U.S. dollar index briefly rose by 50 points, and the offshore renminbi fell below 7.34 against the US dollar. Bitcoin surpassed $100,000 per coin, the first time since December 19, 2024, with a 1.66% increase during the day. Prior to this, The Washington Post reported, citing three informed sources, that the Trump team was discussing a new tariff plan that would apply to all countries but only cover specific areas considered crucial to national or economic security. This proposal is notably different from Trump's promises during the 2024 presidential campaign. The report from The Washington Post led to significant gains in European stock markets and currencies on Monday. This highlights the sensitivity of the market to adjustments in U.S. trade policy. According to reports, the Trump team's tariff plan has not been finalized and is still in the discussion stage. Nevertheless, this policy direction could have far-reaching effects on global trade flows. Trump had previously promised to impose 10% tariffs on global imports and up to 60% tariffs on Chinese goods. Trade experts warn that these measures could disrupt international trade, increase costs, and provoke retaliation against U.S. exports by other countries. Sources disclosed that initial discussions are focused on key areas that the Trump team wants to "bring back to America." The report from The Washington Post mentioned that these areas may include: defense industry supply chains, raw materials such as steel, iron, aluminum, and copper; critical medical supplies, including syringes, needles, vials, and pharmaceutical materials; energy production, such as batteries, rare earth minerals, and CECEP Solar Energy solar panels. Two sources also mentioned that the tariff measures aim to protect the supply chain security of these critical areas while stimulating domestic production capacity in the United States. A Reuters report last month also revealed that a document from Trump's transition team proposed tariffs on battery materials globally to promote domestic production in the U.S., followed by separate exemption negotiations with allies. The document suggested using the "Section 232" clause - which targets national security threats - to impose tariffs on imported products in the electric vehicle supply chain, including batteries, key minerals, and charging components.