Bank of America: The negative impact of tariffs on the U.S. economy and the dollar is more significant

ChainCatcher news, according to Jinshi reports, U.S. bank analysts pointed out that compared to other countries and currencies, U.S. tariffs have a more significant negative impact on the U.S. economy and the dollar. The bank believes that tariffs may trigger retaliatory measures, and the scale of U.S. trade with the world exceeds that of other countries' trade with the U.S., making it more vulnerable to shocks.

Data will determine the fate of the dollar: if U.S. economic indicators improve, investors may begin to ignore policy noise and support the dollar; however, Bank of America expects the data to be weak, as policy uncertainty has led to stagnation in corporate hiring and investment plans, compounded by persistently high tariffs. In addition, fiscal easing may push up borrowing costs.