Global financial markets are reacting to reports that U.S. President Donald Trump is considering declaring a national economic emergency to implement new tariffs. The dollar strengthened for a second consecutive day, supported by rising U.S. bond yields, while other major currencies, including the Chinese yuan, fell to multi-month lows, with the yuan reaching its lowest level since 2023. European and U.S. stock markets showed mixed performances, with Wall Street indices closing near flat and European markets declining amid inflation concerns and the potential tariff measures. The Dow Jones rose 0.25% to 42,635.20 points, the S&P 500 gained 0.16% to 5,918.23 points, while the Nasdaq slipped 0.06% to 19,478.88 points. In Europe, the Stoxx 600 fell 0.27%, and the CAC 40 dropped 0.5%. The proposed tariffs, which could be justified under the International Emergency Economic Powers Act (IEEPA), have raised concerns about inflationary pressures and global trade tensions. Eurozone producer prices increased by 1.6% in November, adding to inflation worries. The dollar also rose to R$6.10, reflecting its strength in global markets. Analysts warn that broader tariffs could impact inflation and market stability, with the Federal Reserve closely monitoring potential economic effects.