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"The dollar has fallen due to reports of gradual tariffs proposed by President-elect Donald Trump's economic team, which aims to boost negotiating leverage and avoid economic spikes. Trump's team is discussing tariffs as a tool to protect U.S. Industries and generate revenue, potentially raising $450 billion annually. Senate confirmation hearings for Trump's cabinet nominees will begin this week, focusing on controversial picks like Robert O'Brien. Democrats are rejecting a proposal to attach wildfire aid to a federal debt limit increase, as reported by Politico."