Globalization
How Tariffs Impact the Dollar: Understanding the Costs
Trade tariffs and retaliations are pressuring the dollar in its central role, putting at risk benefits for U.S. businesses and government such as low interest rates. The dollar, an anchor for most countries, provides stability and benefits, but its loss could negatively impact the economic strength of the U.S. The Brookings analysis highlights how trade wars affect this situation.
October 9, 2025