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Fortune
Fortune
Jason Ma

Trump tariffs are weakening the dollar instead of boosting it—further adding to the price Americans will pay for costlier imports

Donald Trump United States US Dollar
(Credit: Mandel NGAN—AFP via Getty Images)
  • The US dollar has been falling as President Donald Trump rolls out his tariffs, and it plunged after he unveiled much steeper-than-expected duties on "Liberation Day." That goes against what markets had anticipated before he launched his trade war. The weaker greenback makes imports more expensive, adding to the costs from Trump's aggressive import taxes.

President Donald Trump's tariffs have slammed the dollar, defying expectations for a stronger greenback and adding to the price Americans will pay after import taxes are passed on.

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