Bank of America: The negative impact of tariffs on the US economy and the dollar is more pronounced

Analysts at Bank of America have pointed out that the negative impact of US tariffs on the US economy and the dollar is more pronounced than that of other countries and currencies. The bank believes that tariffs may trigger retaliatory measures, and the US trades more with the world than other countries with the US, which makes it more vulnerable. Data will determine the fate of the dollar: if the US economic indicators are positive, investors may start to ignore the policy noise and support the dollar; but BofA expects the data to be weak, as policy uncertainty has stalled corporate hiring and investment plans, and the superimposed tariffs continue to be high. In addition, fiscal easing may push up borrowing costs.