Markets Flash Glimpses of Trump Fatigue as Tariff Risk Queried
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Growing speculation the new tariffs threatened by US President Donald Trump are mainly intended as a negotiating tool is undermining the popular trade of betting on the dollar.
Bloomberg’s gauge of the greenback slid to a two-month low Friday after Trump ordered his administration to consider reciprocal tariffs to rebalance trade relations, efforts that may take weeks or months to complete. That’s adding to the conviction the levies are more of a tactic to gain a better deal than an end in themselves, and reducing the prospect of quicker US inflation that has boosted the dollar.