The weakness of the greenback intervenes in the wake of the announcement by the Trump administration of pricing exemptions aimed at smartphones, computers and other technological products, as part of a new diet of so -called “reciprocal” customs rights. The Secretary of Commerce, Howard Lungick, however said that these imports could be the subject of new taxes in the next two months.
Trump also indicated that these products remain subject to a 20 % price on fentanyl. Asked about the fall of the dollar, Lutnick wanted to be reassuring, saying that he was “concerned about the US dollar”.
The American motto gave 3 % last week, the climbing of trade tensions and concerns about growth that prompted investors to get rid of American assets. Data published on Friday showed that the confidence of American consumers has plunged at its lowest level in more than three years in April. The dollar fell against most of the main currencies, the euro and the yen having particularly weakened.
