What Trump's Tariffs Mean for Global Exchange Rates
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The $7.5 trillion-a-day currency market has become a focal point for investors as President Donald Trump enacts the biggest US tariff increases in a century. Changing global trade patterns affect the outlook for growth and inflation, which in turn can impact exchange rates. Here's how it all works.
If a country's products are subject to US import duties, they will become more expensive for American consumers. That reduces demand for those products and for the currency that's required to buy them — hitting that currency's value and boosting the US dollar. By the same token, if other countries impose retaliatory tariffs on imported US goods, demand for dollars may fall.
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The Hill
27 minutes ago
- The Hill
Russia sticking to its war demands amid Trump sanctions threat
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Newsweek
28 minutes ago
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