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US dollar suffers worst start to year since 1973
- The U.S. dollar has suffered its worst start to a year since 1973, declining about 10 percent through 2025 amid President Trump's trade policies.
- This decline follows historical precedents beginning with Nixon suspending dollar-gold convertibility on August 15, 1971, which destabilized the global monetary system.
- Trump's tariff war and increasing public debt worries have triggered uncertainty, while debates continue over the Federal Reserve's independence and the impact on domestic manufacturing.
- The Financial Times reported that global companies with U.S. operations face weaker dollar revenues, and the U.S. Senate is preparing to pass a bill that may expand deficits by trillions.
- The odds of a crisis have risen sharply over the next four to five years, suggesting risks to the dollar, inflation, and growth, although a crisis is not inevitable.
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The first half of 2025 ended, and uncertainty has taken over the global economy, stemming from the fact that the Donald Trump administration intends to turn the United States into a manufacturing power, through selective tariff management, yet its “reciprocal” tariffs will not only fail to achieve this goal, but will distance US trading partners, destroy its international credibility, and undermine global stability.In early March, after US Presi…
·Mexico
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NBC Chicago+2 Reposted by 2 other sources
The U.S. dollar has fallen to its lowest value since 1973. Here's what that means.
Some global investors no longer expect the U.S. economy to outperform the rest of the world.
·Chicago, United States
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Coverage Details
Total News Sources81
Leaning Left9Leaning Right18Center10Last UpdatedBias Distribution49% Right
Bias Distribution
- 49% of the sources lean Right
49% Right
L 24%
C 27%
R 49%
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