Weakening US dollar worsens global fallout from Trump’s tariffs

The US dollar’s steep and unexpected slide—down 8% this year in its worst start in over four decades—is worsening the fallout of President Trump’s sweeping import tariffs. While the levies were already hurting foreign exporters, the weakening dollar compounds their losses by cutting into profits and pushing up the price of goods for US consumers. The ICE US Dollar Index has fallen to fresh lows against the euro, yen, and Swiss franc, forcing global central banks to consider emergency action, the Wall Street Journal report.

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