Agency: Trump suspends tariffs on electronics, dollar temporarily supported
2025-04-13 22:19:15
On April 14, the dollar gained a small respite from its recent slump after the United States suspended tariffs on popular consumer electronics, raising some hopes that Trump will show flexibility in enforcing the trade war. But the relief may be temporary as Trump still promises to impose specific import tariffs on consumer electronics and review microchips in the national security tariff probe. Dane Cekov, senior macro and FX strategist at Sparebank 1 Markets AS, said: "For the dollar to continue to rise, the trade war must be resolved quickly and peacefully before the U.S. economy suffers long-term damage. The dollar will continue to weaken in the months ahead as the impact of Trump's tariffs appears in hard data on consumption, inflation and labor market data. "
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