Trump's Tariffs Threaten Global Trade
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reliable global currencyReuters
•Business
Business & Economics
After tariff shock, Trump may weaponise finance against allies
76% Informative
The U.S. has a number of levers that Trump can pull to coerce other countries, from credit cards to the very provision of dollars to foreign banks.
Trump 's not-so-secret plan is to rebalance trade by weakening the dollar.
But economists are sceptical any deal would gain traction in Europe or China because the economic and political situation is so different now from four decades ago .
European officials are considering how they could respond to Trump 's actions but are wary of triggering a further escalation.
European Central Bank has said this exposed Europe to the risk of "economic pressure and coercion" A digital euro may be a solution, but the plans to roll out this digital currency have become bogged down in discussion.
VR Score
86
Informative language
91
Neutral language
62
Article tone
formal
Language
English
Language complexity
56
Offensive language
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Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
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Time-value
short-lived
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