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Trump tariffs: The dollar is tumbling – Americans worried!
US Dollar Falls for 3rd Week in a Row on Trump Tariffs; US-BRICS trade war increases global economic tensions.
Trump tariffs: The dollar is tumbling – Americans worried!
There's a huge bang on the global stage! The US dollar has been spiraling downwards for three weeks in a row! The reason? Trump's announced mega-tariffs, which are anything but squeamish. With a looming 150% tariff hammer, the former president's turbulent economic policies appear to be to blame for the gloomy mood on global markets. And BRICS? Well, in the face of these insulting plans, they are by no means sitting idly by and watching the green slip lose its shine.
But the fun is over: Trump's thunderous voice still resonates, and the tariffs that are still pending are dragging the green glow through the dirt. Since February, the dollar has fallen a whopping 1.8%, with little hope of rescue on the horizon. Geopolitical tensions are crippling the US economy and deterring investors from investing in the dollar. Even the planned import tariffs do not give the mighty dollar any room to breathe. Tells more about the topic watcher.guru in his report.
A turbulent interplay that drives some people to despair, while the dollar continues to fight against the windmills that Trump's policies are forcing on it. It remains to be seen how long the waves will continue to rise before the wind changes.