US Dollar

[Allan]

So my question is what impact does this have on consumers of imported goods? By consumers I mean both manufacturers and end use consumers.

What impact does it have on US foreign debt repayment?

 

[Luce]

So my question is what impact does this have on consumers of imported goods? By consumers I mean both manufacturers and end use consumers.

What impact does it have on US foreign debt repayment?

Oh, Trump will just abrogate our debt when he's had two too many adderalls.

 

[Crakhobarbie]

So my question is what impact does this have on consumers of imported goods? By consumers I mean both manufacturers and end use consumers.

What impact does it have on US foreign debt repayment?

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Donalds tariff policies have made the World our trade enemies. As countries shift away from the U.S. dollar, its demand will decrease. This drop in demand will weaken the dollar. Over time, those moronic tariffs will raise inflation in the U.S., making everything more expensive.
Its all bad news for the U.S. dollar under donald.

 

[mrjurrs]

So my question is what impact does this have on consumers of imported goods? By consumers I mean both manufacturers and end use consumers.

What impact does it have on US foreign debt repayment?

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A weaker dollar will result in foreign goods and services costing more dollars to buy the goods. Just wait and see what happens when if the dollar loses its' position as the global reserve currency. Daddy Vlad would like that, and that's why that orange pos is doing the things he is doing economically.

 

[Allan]

As countries shift away from the U.S. dollar, its demand will decrease.

Where will they move to if they abandon the USD?

 

[Ishm]

The fall in the US$ after Trumps election was predictable, so I expect we might still be protected a bit for now by importing companies having taken out futures contracts to lock in the previously high USD. When I was previously importing high value items I often had different forms of futures contracts that ran for a couple of years when conditions were favourable. Those futures contracts will however run out eventually, so we can expect the impact of the lower US$ to start to increase at the same time as we see the full force of the new import tariffs. End result will be even more pressure on inflation and consumer spending.

The US$ is facing a lot of different challenges now. Countries moving away from the US$ as their default trade currency. Countries thinking more carefully about buying US debt and/or unloading existing US debt. Reduced trade with the US. The significant increase in forecast US debt, with the risks that brings, due to Trumps BBB etc etc. Most of these have few ways of getting better, so it's hard to imagine the US$ rising in value in the near future outside of a global recession with a flight to supposed 'safe haven' currencies. Having said that, the odds of a Trump inspired global recession are reasonably high.

 

[dmpi]

As a consumer the value of the dollar doesn't really have much impact domestically, it's when you travel abroad and convert dollars to the local currency, then you see the difference.

 

[Allan]

As a consumer the value of the dollar doesn't really have much impact domestically,

You buy nothing that's imported or made with foreign components?

 

[Crakhobarbie]

Where will they move to if they abandon the USD?

The euro perhaps.
A digital currency?
The Kuwaiti dinar, or KWD, is currently the strongest currency in the world.
This is a hotly debated topic.
The response you’ll get mostly depends on who you ask.

Frankly, I have no idea where the balls will land.

 

[Grand Mal]

As a consumer the value of the dollar doesn't really have much impact domestically, it's when you travel abroad and convert dollars to the local currency, then you see the difference.

And when you buy stuff produced offshore.
Oh, wait, that kind of increases the tariff effect, doesn't it.

 

[bythoughts]

Where will they move to if they abandon the USD?

They already have their crooked money in Bitcoin. Especially the people paying the politicians' bills.

 

[JohnfrmClevelan]

You buy nothing that's imported or made with foreign components?

It hasn't really hit consumers yet. Some prices are up, but not the things you would expect. Beef and electricity are both up, even though that should be domestic stuff. I haven't priced booze yet - it's not normally on my shopping list - but I would expect that to be dirt cheap.

The effects of this tariff war have been a whole lot less predictable than I ever thought. On again, off again, importers building up inventory before tariffs went into effect, the de minimus loophole closing... there's too much to keep track of. Things will take a while to shake out, assuming tariffs stay in place, but I'm still fully expecting high inflation and shortages of the cheap Chinese stuff we all love.