Institution: Trump suspends tariffs on electronic products, dollar temporarily gains support

ChainCatcher news, after the United States suspended tariffs on popular consumer electronics, the dollar gained a slight respite from its recent plunge, raising some hopes that Trump might show flexibility in executing the trade war. However, this relief may be temporary, as Trump still commits to imposing specific import tariffs on consumer electronics and is reviewing microchips in the national security tariff investigation.

Dane Cekov, a senior macro and forex strategist at Sparebank 1 Markets AS, stated, "For the dollar to sustain its rise, a swift and peaceful resolution to the trade war is necessary before the U.S. economy suffers long-term damage. As the effects of Trump's tariffs appear in hard data such as consumption, inflation, and labor market data, the dollar is likely to continue weakening in the coming months."