Trump’s tariffs could mean saying goodbye to US dollar profits

He highlights the market downturn following the tariff announcement and the potential for a US recession. Sheng emphasizes the dollar's strength as a reserve currency stems from its liquidity and safe-haven status. Tariffs, however, could diminish the attractiveness of dollar-denominated assets. While the US can repay its dollar debt by printing more currency, the tariffs risk destabilizing the dollar's appeal and increasing the risk of a financial crash. 

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