How Trump’s Tariffs Might Just Turn the Dollar into the Financial Wallflower

So, here’s the tea: the dollar, once the Beyoncé of global currencies—unshakable, unbothered, and commanding center stage—is suddenly feeling the cold shoulder. Investors, tired of its drama, are cozying up to the Swiss franc and Japanese yen, those reliably emo options, which have been getting stronger like they’ve found a new indie band to obsess over.

Enter Thierry Wizman, the global FX and rates strategist at Macquarie Group, who basically said, “Trump’s tariffs are like that party crasher who ruins your vibe.” Apparently, these tariffs don’t just mess with the dollar’s mojo as a safe haven during market freakouts, but they might also kick it off the throne of global currency dominance. Ouch. 🥴

What’s that mean? Well, for starters, the U.S. government and you (yes, you) might have to pay more when borrowing money because the dollar’s charm is fading. Wizman spilled the beans to Marketwatch, explaining how, unlike the usual crisis squad who swoops in with hugs and band-aids, this time U.S. policymakers seem to be giving the international financial system a cold, cold shoulder—like a breakup text in caps lock. It’s a whole new vibe and not the good kind.

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2025-04-17 14:57