The Indian rupee will be under pressure on Tuesday after U.S. President-elect Donald Trump pledged to impose tariffs on all imports from Canada and Mexico and levy an additional 10% tariff on Chinese products,

President-elect Donald Trump vowed additional tariffs on China as well as US neighbors Canada and Mexico, providing a sharp counter to expectations that he might temper his trade policies during a second term.

US President-elect Donald Trump said Monday he intends to impose sweeping tariffs on goods from Mexico, Canada and China in response to illegal drug trade and immigration.

The dollar rallied against major peers on Tuesday after U.S. President-elect Donald Trump pledged tariffs on all imports from Canada and Mexico, and additional tariffs on China. Stocks declined, giving back some of the robust gains of the previous session,

President-elect Donald Trump said Monday he would take executive action to impose a 25 percent tariff on products entering the U.S. from Canada and Mexico in an effort to try curtail the influx of drugs and migrants crossing the border.