Trump's tariff storm a threat to dollar's dominance?
- President Donald Trump's tariffs are raising questions about the US dollar's status as the world's key trading and reserve currency.
- Mark Sobel, a former senior US Treasury official, believes Trump is undermining dollar dominance and tarnishing the United States' reputation.
- Ryan Chahrour, a professor of economics at Cornell University, noted that the dollar's safe haven status appears to have temporarily shifted to the Swiss franc, yen, and gold.
- Sobel stated it is premature to say that dollar dominance is going away due to a lack of alternatives.
69 Articles
69 Articles
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Strange sell-off in the dollar raises the specter of investors losing trust in the US under Trump
Since mid-January, the dollar has fallen 9% against a basket of currencies, a rare and steep decline, to its lowest level in three years.
US allies also lose faith in dollar as it hits lowest price in three years, a "structural sell-off"
[New York - Saito Yuta] Pressure to sell the dollar is intensifying in international financial markets. An index showing the overall strength of the dollar has fallen by about 10% since the inauguration of U.S. President Trump, sinking to its lowest level in three years. This is not just due to concerns that a significant increase in tariffs will undermine the strength of the U.S. economy. There is also a growing trend away from the dollar in al…
From tariffs to the dollar
Nothing seems more invariable than the persistence of the foreign deficit in the United States. As if it were obeying an immutable economic law, neither political nor financial, commercial or health crises succeed in altering a solidly established trend The Trump administration's act and grace activated tariff carousel reveals the vericuets of an effective globalization to stimulate productive efficiency and channel foreign investment, though la…
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