Bescent pointed out that the Treasury Department is currently moving quickly, hoping to make substantive progress with large trading partners.
Thu Lan Nguyen, an analyst at Commerzbank, said a weaker dollar as a result of Mr. Trump's tariffs could reduce inflation in US trading partners. "If this continues, most central banks will not be caught in a dilemma: weighing economic and inflation risks," she said. This would allow for further interest rate cuts, thus reducing upward pressure on non-dollar currencies against the dollar. For now, the impact of tariffs appears highly unlikely to be reversed, she said.
Bescent's in-depth interpretation of Trump's tariff policy! The duality of the US economy has become the core contradiction, Trump plans to "suck blood" trading partners, the US will redefine its relations with other countries, what role does China and Europe play? Click to view...
President of Mexico: Mexico will seek other trading partners if necessary.
U.S. Commerce Secretary Lutnik: On April 2, trade will reset. We will see trade restructuring and renegotiation with U.S. trading partners under reciprocal tariff action.
US Treasury Semi-Annual Currency Report: In the four quarters ending December 2023, no major US trading partner manipulated its currency to gain an unfair trade advantage.