The impact of tariffs on the DXY

In the long term, the imposition of tariffs will trigger countermeasures from trading partners 😡, leading to a shrinkage of the global trade scale 😔. The import costs of raw materials for American enterprises will rise, and their export markets will be restricted, which will curb the economic growth of the United States 😩. This will exert depreciation pressure on the US dollar, causing the DXY to decline 📉.

U.S. Tariff Policies
Since April 9th, the United States has imposed tariffs ranging from 10% to 25% on goods from China, the European Union, Canada, and other regions, covering key sectors such as automobiles, steel, and semiconductors.😒

Countermeasures of Various Countries

China: On April 4th, China announced that it would impose a 34% tariff on U.S. goods starting from April 10th. On April 9th, the tariff rate was further increased to 84%, covering all U.S. goods.😠

The European Union: Announced that it would impose a 25% tariff on U.S. motorcycles, diamonds, and other goods starting from May 16th.😤

Canada: Imposed a 25% retaliatory tariff on U.S. automobiles on April 9th, but exempted auto parts.😏

This upward movement has led to the clearing of many traders' accounts or significant losses 😫. You can follow my signals and gradually recover your losses and achieve profitability 🌟.

💰💰💰 DXY 💰💰💰

🎯 Sell103 - 100
🎯 TP 96 - 94

Traders, if you're fond of this perspective or have your own insights regarding it, feel free to share in the comments. I'm really looking forward to reading your thoughts! 🤗