The U.S. dollar is tanking — and the likely explanation is not flattering for Trump

[JensenZ]

8 hours ago, still kicking said:

I never bought anything made in the US

It's a technicality. Have you ever had an iPhone?

 

The iPhone, with over half the US Smartphone market share, is manufactured and assembled in over a dozen countries, including components made in the US. 

 

There's a lot of stuff I would like to buy from the US, but import duties and shipping are prohibitive. I have exercise equipment imported from the US, but likely many components are made elsewhere.

 

 

[PomPolo]

On 4/4/2025 at 5:53 PM, thaibeachlovers said:

Duh! He wants a lower $ so the US can sell more stuff to the rest of the world.

 

Next.

That's not gonna work the reciprocal tariffs to the US are going to be higher than the dollar loss, Americans are losers two ways

i) Their dollar is worth less for the average American buying anything in their own country

ii) Everything in the US is going to cost a hell of a lot more

Next.

 

[JensenZ]

On 4/4/2025 at 12:55 PM, BLMFem said:

Trump’s Tariffs Were Supposed to Boost the Dollar. Why the Opposite Happened.

This is nonsense and a poor effort to bash Trump. You can pick other topics (to bash Trump) if you must, but you can't use the USD strength/weakness at this point. That's not to say it might not still tank, but it is not currently tanking. No one knows for certain what is going to happen in the market. I would suggest you start thinking for yourself instead of reading so many left-leaning fearmongering editorials.

 

The most reliable barometer of US dollar strength (or weakness) is the US dollar Index or DXY.

 

Just briefly, the US dollar index is a measure of the value of the dollar against a basket of 6 foreign currencies, namely the Euro, Swiss Franc, JPY, CAD, GBP and Swedish Krona. It has a base of 100, and values are interpreted relative to this base. The value of the index is a fair indication of the dollar's value in global markets.

 

It has been used since 1973, when gold ceased to be the basis for the US dollar. Let's take a look at the US dollar index chart for the last 5 years. There is no "tanking" taking place. The value is merely at a typical price point in the constant ebb and flow of the USD. It has declined from a high of 108 in January, but that's a correction or retracement from a high point, which is expected in a normal market environment.

 

 

[spidermike007]

Even a Ford Ranger is made of parts from 24 different countries. Trump has absolutely zero understanding of a global ecosystem. Zero. He is a simpleton, and will have to back off, or republicans will withdraw their support, once inflation spikes at unprecedented levels. Get ready for an economic tsunami and a major recession, caused by the goombah.

 

https://youtu.be/jLpUEACVBlE?si=xH-M84ICmSMOeFXk

[vinny41]

2 hours ago, spidermike007 said:

Even a Ford Ranger is made of parts from 24 different countries. Trump has absolutely zero understanding of a global ecosystem. Zero. He is a simpleton, and will have to back off, or republicans will withdraw their support, once inflation spikes at unprecedented levels. Get ready for an economic tsunami and a major recession, caused by the goombah.

 

https://youtu.be/jLpUEACVBlE?si=xH-M84ICmSMOeFXk

 F-150 and Ford rangers are different models

While it's accurate that the Ford Ranger's global production involves many countries, the claim that it's made of parts from 24 different countries is not entirely precise. The Ranger is manufactured in several locations: Thailand, South Africa, Argentina, and the United States. While these locations may source parts from various countries, the final assembly and parts sourcing are concentrated within these four main production hubs

https://media.ford.com/content/fordmedia/img/im/en/news/2023/10/25/10-fun-facts-about-how-ford-ranger-is-built.html#:~:text

 

[spidermike007]

55 minutes ago, vinny41 said:

 F-150 and Ford rangers are different models

While it's accurate that the Ford Ranger's global production involves many countries, the claim that it's made of parts from 24 different countries is not entirely precise. The Ranger is manufactured in several locations: Thailand, South Africa, Argentina, and the United States. While these locations may source parts from various countries, the final assembly and parts sourcing are concentrated within these four main production hubs

https://media.ford.com/content/fordmedia/img/im/en/news/2023/10/25/10-fun-facts-about-how-ford-ranger-is-built.html#:~:text

 

You just contradicted yourself. 

 

the claim that it's made of parts from 24 different countries is not entirely precise. 

 

While these locations may source parts from various countries, the final assembly and parts sourcing are concentrated within these four main production hubs. 

 

That is precisely what the article stated, that the truck is made from parts sourced from 24 countries. 

[rattlesnake]

 

[vinny41]

2 minutes ago, spidermike007 said:

You just contradicted yourself. 

 

the claim that it's made of parts from 24 different countries is not entirely precise. 

 

While these locations may source parts from various countries, the final assembly and parts sourcing are concentrated within these four main production hubs. 

 

That is precisely what the article stated, that the truck is made from parts sourced from 24 countries. 

its  unlikely that Ford Thailand sources  parts from different countries due to the high import tariffs 

The Federation of Thai Industries (FTI) have identified a number of  *Non-Tariff Barriers (NTB) that need to be reviewed such as 

High tariffs and import restrictions –

Agricultural products: High import tariffs on beef, pork, poultry, dairy products and processed foods.

Automotive and parts: facing high import tariffs

Alcoholic beverages: Import taxes on wine are as high as 400%

There are many more to be reviewed 

https://www.kaohoon.com/news/745614
 

[MicroB]

[MicroB]

https://www.yahoo.com/news/rachel-maddow-explains-ridiculous-true-175426436.html

 

 

Quote

 

Rachel Maddow said on her MSNBC show on Friday night as she outlined exactly how we got here. Trump “came up with the idea” after the circulation of a “fake memo from a fake person with a fake email address,” she explained.

The memo in question was the brainchild of author and economist Peter Navarro — also the senior counselor for trade and manufacturing for the administration — who entered the Trump sphere after Jared Kushner found his book “Death by China” and asked him to join Trump’s 2016 presidential campaign as an economic adviser.......

......In his books, Maddow continued, Navarro often cited the work of a so-called economics expert named Ron Vara. “V-A-R-A, Ron Vara,” Maddow said. “Vara” shared a memo in Washington D.C. circles after Trump won the presidency......

“At one point, Ron Vara wrote in the memo that Trump could, quote, ‘Ride the tariffs to victory,'” Maddow said. The problem is, Ron Vara doesn’t exist. He never has. The economics expert that Peter Navarro has long cited to explain why he’s so gung-ho on tariffs, this person, Ron Vara, is a made-up person.”

“He is a fictional person. Peter Navarro invented Ron Vara as his expert source, so he could quote this expert source over and over and over again in his crackpot books,” she continued. “Who is Ron Vara? Ron Vara is an anagram of Navarro, which is his last name.”

 

 

So, an imaginary friend is behind this.

[spidermike007]

On 4/5/2025 at 6:18 AM, Tug said:

Can we tweet that hat a little bit to say make trump go away the chaos will stop and I have a feeling some of the republicans will find their spines again.

Are you referring to an independent-minded Republican in the year 2025? I think there's only a few hundred of them left. Trump has taken a bomb to Independent thinking and level-headed intellectual discrimination. 

[PomPolo]

 

[thaibeachlovers]

On 4/5/2025 at 3:38 PM, KhunLA said:

I don't OP understands the meaning of the word ... 'tanking' 

I don't think the OP understands the meaning of the word ... 'tanking' 

 

Fixed it for you.

[thaibeachlovers]

15 hours ago, MicroB said:

https://www.yahoo.com/news/rachel-maddow-explains-ridiculous-true-175426436.html

 

 

 

So, an imaginary friend is behind this.

An imaginary person would have been a better POTUS than Harris. My toe nail cuttings would have been a better POTUS than Harris.

Why, because they couldn't stuff it up.

[thaibeachlovers]

15 hours ago, MicroB said:

Once upon a time I thought that you had something worthwhile to contribute to the discussion. I guess we all make mistakes.

[placeholder]

Generally, when a country like the USA imposes tariffs, the effect is to raise the value of its currency. At least, in the short term.  That's because tariffs make it more expensive for exporters in other countries to get hold of of dollars. The effect may even be magnified a bit in the case of the US because of its status as the world's reserve currency. So, if despite, that, its value goes down, that is significant.

[spidermike007]

20 hours ago, rattlesnake said:

 

I am a business owner too and I understand this, and it's called economic sabotage and it's called extreme decimation of consumer confidence. Nobody in America is buying anything right now. 

 

It's very easy for these super rich fools to ask ordinary American people to make a sacrifices isn't it? It doesn't really mean much, does it?

 

It doesn't come across as being particularly sincere coming from someone with billions. 

[spidermike007]

Even Fox news seems to be abondoning, or at the very least questioning highly misinformed, and spectacularly ignorant, dangerous and arrogant Goombah policies.