The ICE U.S. Dollar Index was up 0.4% in recent trading after the latest reports about President Donald Trump's tariff plans. The index stood at 108.10 in recent trading. The euro, meanwhile, was off by 0.5% at $103, while the dollar was modestly lower against the Japanese yen.

U.S. stocks are slumping Friday amid worries about higher inflation and tariffs, while a closely watched report gave a mixed picture of the U.S. job market. The S&P 500 was down 0.9% and on track to wipe out what had been a modest gain for the week,

US stocks fell on Friday as investors reacted to the possible threat of more tariffs while digesting a jump in consumer expectations for inflation, and the monthly jobs report. The markets took a leg lower after a report from Reuters said President Trump told Republican lawmakers that he plans to announce reciprocal tariffs on American imports as early as Friday.

The Dow lost 125.65 points, or 0.3%, closing at 44,747.63. The S&P 500 gained 22.09 points, or 0.4%, finishing at 6,083.57. The Nasdaq Composite rose 99.66 points, or 0.5%, ending at 19,791.99. All three indexes are on track for weekly gains.

At the White House on Friday, President Donald Trump said he would soon announce a plan on reciprocal tariffs on American imports. The comments were made during a meeting with Jap