President Trump’s new “Liberation Day” tariffs triggered a surprising drop in the U.S. dollar, according to The Wall Street Journal. The WSJ Dollar Index is now down over 5% for the year, below pre-election levels. Analysts predicted tariffs would strengthen the dollar, but speculators are now betting against it. Traders cite erosion of the dollar’s global reserve status and fading faith in U.S. productivity as causes. Trump’s economic nationalism, while aimed at reshoring industry, may be dampening corporate investment and weakening the long-term outlook. For more coverage on tariffs and how they impact your portfolio, visit benzinga.com.
