- US dollars fell President Donald Trump plunted after his tariffs and opened his tariffs and “Freedom Day” more than expected than expected than expected. Prior to the start of the trade war, which markets are expected. The weak greenback is more expensive imported in addition to the costs of the Trump’s aggressive import taxes.
President Donald Trump’s tariffs flushed the dollar, taking the expectations for a stronger greenback, will be added to the price of Americans to receive after receipt after import taxes.
So far, this year, this year, the US dollar index, which follows the greenery against a basket of other global currencies, has reduced 4.7%, as the investors have increased prices for widespread duty.
After the introduction of tariffs in China, Canada, Mexico, Steel, Steel, Steel, Steel, Alumor and Auto earlier this year, Trump, global markets shocked with fresh tariffs to each steep trade partner.
Fitch ratings estimated that the total effective tariff speed will be about 25% –The highest since 1909More than 10 times rating from the previous estimate of the 18% ratio and 2.3% last year. As a result, JPMorgan economists raised the recess of 40% to 60%.
The announcement of “Salvation Day”, previously noted the worst cessation for 10 years, previously noted the worst cessation for 10 years, more reductions, US economy and American assets overturned.
But it was not necessary to have this way. The President’s campaign included a bet on the “Trump trade” and the Wall Street “Trump trade”, exports and imports in favor of the United States and imports. Instead, true tariffs opened by Trump, such Draconian, the US economy and financial markets have begun “American exclusivity”, he said.
The companies are expected to take part in the tariff costs and pass the remaining parts to consumers. With some calculations, the additional cost of automatic tariffs can mean a $ 5000-1000 value increase for only one vehicle.
Meanwhile, the former Treasury Secretary Larry Summers, the total net effect of the tariffs will cost about $ 300,000, he said.
On top of that, a weak dollar will result in higher prices for the import of certain countries. For example, a car worth 50,000 euros, for example, for about $ 55,000 for about $ 55,000 to $ 55,000 to $ 1,095 in the finishing of $ 1,095.
This award may be more likely to be $ 1,02 in the summit of about $ 4,000, Trump trade since January and the exchange rate will be 1.02 dollars.
The flip would be cheaper than importing a more powerful dollar on the side. Scott Bessentin for the Treasury Secretary of the approval meeting of January January The dollar may appreciate 4% In response to a 10% tariff, “thus 10% impassable” to consumers.
As the last weekend, the last weekend, when prices in foreign cars increase, consumers will receive American cars, because it will receive American cars for violating the concerns that carmates will increase.
“If people raise prices for the start of American-made cars, if they raise prices, I could not pay less attention,” he said. Reporting with NBC News Saturday.
“I couldn’t take less caring. I hope they raise their prices because if they do, people will receive American-made cars.”
This story was first displayed on Fortune.com
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