Among the threats tariffs pose to the U.S. economy, none may be as strange as the sell-off in the dollar.
  • r0ertel@lemmy.worldEnglish
    3·
    1 day ago

    While this has been historically true, it’s not working this time.

    But the dollar not only failed to strengthen this time, it fell, puzzling economists and hurting consumers. The dollar lost more than 5% against the euro and pound, and 6% against the yen since early April.

    As with most things happening under this US administration, he pushes things to the breaking point to see how it reacts. He’s stress testing the global economy. From there, I would guess that he’d back off just before the breaking point and move on to something else.