Dollar Wipes Out Post-Trump Rally as Tariffs Upend Global Growth

Dollar Wipes Out Post-Trump Rally as Tariffs Upend Global Growth

The dollar has wiped out all of its gains since Donald Trump won the presidency in November as a new wave of tariffs upended global markets.

The rise of the dollar in response to China's retaliation for Donald Trump's tariff is against the backdrop of the uncertainties surrounding the global economy. Read more (04/04/2025)

Dollar wipes out post-Trump rally as tariffs upend global growth

The dollar has wiped out all of its gains since Donald Trump won the presidency in November as a new wave of tariffs upended global markets.

Seven months of growth on the JSE were wiped out by the market close on Friday over the two days since US President Donald Trump's shock announcement of trade tariffs that his country had imposed on several countries – including South Africa.

The recent global economic situation has been considerably affected by the implementation of tariffs in various nations.This scenario has generated uncertainty and volatility in financial markets, with the dollar being one of the most impacted currencies. *** The dollar has lost momentum after the post-Trump rally. Tariffs are undermining global economic growth. Market confidence is threatened by uncertainty. Impact on the dollar after the post-…

Price Chaos Looms as Sweeping US Tariffs Upend Global Commerce

There are days when a plunge in the markets clears the air, and when sweeping global policy changes — from the top down, via the office of the president — might mark a shift in direction, but the overall path is well-charted. Thursday (April 3) did not feel like one of those days. The stage was set on Wednesday night for more questions to swirl around tariffs than answers, touching on everything from how they were calculated to who’s most affect…