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Agency: Trump suspends tariffs on electronic products, and the US dollar is temporarily supported
2025-04-14 00:10

Odaily News The dollar got a small respite from its recent plunge after the United States suspended tariffs on popular consumer electronics, raising some hopes that Trump will show flexibility in executing the trade war. But the relief may be temporary as Trump still promises to impose specific import tariffs on consumer electronics and review microchips in the national security tariff investigation. "For the dollar to continue to rise, a quick and peaceful resolution of the trade war is necessary before the U.S. economy is hurt in the long term," said Dane Cekov, senior macro and foreign exchange strategist at Sparebank 1 Markets AS. "As the impact of Trump's tariffs appears in hard data such as consumption, inflation and labor market data, the dollar will continue to weaken in the coming months." (Jinshi)