Re:US Administration announces 34% tariffs on China – 20% on EU
by specialist on Thursday April 03, 2025 @09:46AM
(#43569563)
Yes and: IIRC, their intent is to bolster the US dollar as the reserve currency.
Not that I understand it, cuz am noob:
Admin thinks US dollar is too strong. So they want to devalue it. Which will then trigger a sell off of US Treasuries, further devaluing the US dollar.
I have no idea if this is the Admin's actual plan, the merit of such a plan, or if there's any realistic hope for achieving the intended outcome.
If any one can make any of this make sense, please chime in. TIA.
Not that I understand it, cuz am noob:
Admin thinks US dollar is too strong. So they want to devalue it. Which will then trigger a sell off of US Treasuries, further devaluing the US dollar.
I have no idea if this is the Admin's actual plan, the merit of such a plan, or if there's any realistic hope for achieving the intended outcome.
If any one can make any of this make sense, please chime in. TIA.