The U.S. dollar has fallen to its lowest levels in three months, with the Dollar Index dropping to 104.834, amid concerns over the economic impact of tariffs imposed by President Donald Trump. The tariffs, which include a 25% levy on copper, aluminum, and steel imports, have triggered retaliatory measures from Canada, China, and Mexico. Copper prices surged by over 5% in New York, with High Grade Copper futures reaching $4.781 per pound, as traders reacted to the announced tariffs. This has led to a significant premium for U.S. copper futures compared to global benchmarks, with New York prices trading 11.5% higher than London Metal Exchange prices. Analysts suggest the tariffs could disrupt global trade flows and increase costs for U.S. industries. The dollar's decline, which includes a three-day drop of over 3%, and the surge in copper prices have been influenced by weaker-than-expected U.S. employment data and fears of slower economic growth. The Federal Reserve is now expected to cut interest rates multiple times this year, with markets pricing in up to three rate cuts. Additionally, the euro gained strength, supported by Germany's announcement of a €500 billion infrastructure fund.