Shares of automakers also struggling
The White House is divided on tariffs but the President appears to be among the hawks, according to the Washington Post report.
They say several of his top advisers believe he will go ahead with 25% tariff on foreign-made autos this year, despite warnings from GOP leaders.
More: "some advisers believe Trump has fallen in love with the tariff tool and plans to use it again."
The euro is near the lows of the day at 1.1674 and shares of auto makers have been hit hard with GM down 6.6%.
