Trump's "tariff bomb" on Europe shatters market confidence, causing the dollar to plummet to a three-week low.

date
24/05/2025
According to Zhuixun Finance APP, on Friday, US President Donald Trump again escalated the trade war by proposing to impose a 50% tariff on the European Union starting from June 1. This move reignited concerns in the market about the impact of tariffs on the global economy and trade, causing investors to sell off the US dollar and leading to a sharp decline in the US dollar index.