Bank of America: If other countries retaliate, US tariffs will ultimately weaken the US dollar

On February 13th, Bank of America stated that although President Donald Trump’s tariff policies initially boosted the US dollar, they will ultimately drag it down. The US dollar may ultimately not like tariffs, “Athanasios Vamvakidis, head of G-10 foreign exchange strategy at the bank, said in a report on Wednesday.” If the US imposes tariffs on other countries around the world and faces comprehensive retaliation, the US dollar may weaken