The dollar has dropped in value by around 15% (relative to the EUR) since ------- started this IDIOTIC ------- tariff nonsense. Which, for me, was basically a 15% pay cut.
I wish I had a job that paid in EUR. Trump's not finished, and I don't think he gives a ---- whether the dollar collapses completely. I'm not even sure he understands the concept of currency reserves.
If I were an MNC, I would want an invoice in something other than USD.
I like Trump's border policies, but other than that, he is a ------- ------. I don't think he understand that, without a demand for USD, he's not going to be able to debt finance his 'big, beautiful bill.'
"And Trump's tariffs are targeted, not random. They're aimed at pressuring specific industries to reshore production and rebuild US manufacturing. That strategy is showing results."
Several things.
First, manufacturing is NOT coming back to the US, barring some sort of global catastrophe (like WWIII) that somehow leaves the US as the last remaining industrial economy on the planet (like what happened in WWII).
Second, the value of the dollar has dropped by 12% since 01 March 2025. I've seen projections that it will likely decline by an additional 5% before the year is out.
Wanna know why? Trump. He's a reality TV star. All drama is good drama.