US Dollar Holds Steady as Trump Announces Unilateral Tariff Plans

US Dollar Holds Steady as Trump Announces Unilateral Tariff Plans

By Tredu.com 5/16/2025

Tredu

Commerce DepartmenttariffsDonald TrumpUS Dollar
US Dollar Holds Steady as Trump Announces Unilateral Tariff Plans

Markets steady as Trump signals sweeping unilateral tariffs; investors weigh implications for U.S. trade policy and dollar stability.

The US Dollar Index (DXY) remains flat at 100.80 after President Donald Trump announced the U.S. will impose unilateral tariffs on most countries. Speaking during a Middle East tour, Trump said around 150 countries would be notified of new import duties via letters from Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick.

The move has raised investor concerns over the consistency and direction of U.S. trade policy. Markets are questioning the long-term outlook for the Greenback, especially as recent economic data shows signs of weakening. April’s Producer Price Index unexpectedly declined, while retail sales rose just 0.1% following a 1.5% jump in March.

Although the DXY avoided further losses for now, uncertainty around U.S. trade decisions is starting to weigh on investor confidence.

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