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Trump's tariffs were expected to boost the dollar, but recession fears are dragging it down (www.cnbc.com)

submitted 1 week ago by [email protected] to c/[email protected]

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[–] [email protected] 17 points 1 week ago (2 children)

Who expected it to boost the dollar?

[–] [email protected] 6 points 1 week ago

Morons.

[–] [email protected] 1 points 1 week ago

The tariffs are supposed to make US manufacturing more attractive. That meand investments in US factories and when it is done by foreign companies, that means those companies need USD. Hence a stronger USD. Also tariffs hurt other countries economies and the US is seen as a safe heaven. Hence evrn more USD investments.

That however would have required a sane tariff strategy.