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Deutsche Bank: Tariff Costs Absorbed by Americans, Dollar Faces Downward Pressure
Summary: According to Deutsche Bank analyst George Saravelos, the US dollar is facing downward pressure as Americans bear the impact of tariff costs. Saravelos pointed out that if foreign countries were absorbing the tariff costs, their selling prices should decrease, but this trend has not materialized except in individual cases. However, he also noted that since ...
According to Deutsche Bank analyst George Saravelos, the US dollar is facing downward pressure as Americans bear the impact of tariff costs. Saravelos pointed out that if foreign countries were absorbing the tariff costs, their selling prices should decrease, but this trend has not materialized except in individual cases. However, he also noted that since US inflation remains under control, the main bearers of tariff costs are not consumers but importers. Saravelos stated, 'Since tariff costs are mainly borne by Americans, this becomes another negative factor for the US dollar.'
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Link: Deutsche Bank: Tariff Costs Absorbed by Americans, Dollar Faces Downward Pressure [Copy]
