Trump's tariff storm a threat to dollar's dominance?
- President Donald Trump's tariffs are raising questions about the US dollar's status as the world's key trading and reserve currency.
- Mark Sobel, a former senior US Treasury official, believes Trump is undermining dollar dominance and tarnishing the United States' reputation.
- Ryan Chahrour, a professor of economics at Cornell University, noted that the dollar's safe haven status appears to have temporarily shifted to the Swiss franc, yen, and gold.
- Sobel stated it is premature to say that dollar dominance is going away due to a lack of alternatives.
164 Articles
164 Articles
US stocks fall after Trump calls Fed’s Powell ‘a major loser’ for not lowering rates
US stocks dropped Monday as President Trump intensified his attacks on the Federal Reserve's independence -- calling chairman Jerome Powell "a major loser" for not lowering interest rates.
Dow tumbles 1,000 points and dollar hits three-year low as Trump continues to bash Fed Chair Powell
US stocks and the dollar tumbled Monday as investors assessed continued tariff uncertainty and the implications of President Donald Trump’s ongoing mission to try and oust Federal Reserve Chair Jerome Powell.
US stocks sink with the US dollar's value as investors retreat further from the United States
U.S. stocks are sinking as investors pull away from the United States because of the uncertainty caused by President Donald Trump’s trade war and his criticism of the Federal Reserve. The S&P 500 fell 1.2% Monday and was 15% below…
Stocks open lower on Wall Street as worries linger over trade war and Trump-Powell rift
NEW YORK (AP) — U.S. stocks are falling as investors worldwide pull away from the United States because of the uncertainty caused by President Donald Trump’s trade war. The S&P 500 was 1% lower in early trading Monday and 14.
Coverage Details
Bias Distribution
- 40% of the sources lean Right
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage