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A comment on US Administration announces 34% tariffs on China – 20% on EU. Parent comment

Re:US Administration announces 34% tariffs on China – 20% on EU by csomar on Thursday April 03, 2025 @09:49AM (#43569615)
> It is not correct that an Asian business doing business with a Italian company first exchanges their currency to USD by selling the US goods then using that USD to complete the transaction.

The only way around that is the EUR. Otherwise, most countries have very little connections to one another. Even neighbors will trade with USD and settle in New York.

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Re:US Administration announces 34% tariffs on China – 20% on EU by roflyear on Thursday April 03, 2025 @09:53AM (#43569685)
I think the dollar is around 50% of foreign trade - but anyway I am not arguing against that, I'm saying that it isn't related to trade deficits.
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