The US dollar (DX-Y.NYB) has strengthened following President-elect Donald Trump’s announcement of proposed 25% tariffs on Mexico and Canada, adding to his previous campaign rhetoric of potential 60% tariffs on China. This development has raised questions about the potential economic implications of a robust dollar. Yahoo Finance Markets & Data Editor Jared Blikre analyzes the dollar’s strength and its potential impact on American consumers and the broader market (^DJI, ^IXIC, ^GSPC). While a strong dollar might initially seem beneficial, Blikre explores its economic drawbacks.
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