Agency: Trump suspends tariffs on electronic products, dollar temporarily gains support

Odaily Planet Daily reported that after the United States suspended tariffs on popular consumer electronics, the dollar gained a slight respite from its recent sharp decline, raising some hopes that Trump might show flexibility in executing the trade war. However, this relief may be temporary, as Trump still commits to imposing specific import tariffs on consumer electronics and is reviewing microchips under national security tariff investigations. Dane Cekov, a senior macro and forex strategist at Sparebank 1 Markets AS, stated: "For the dollar to continue rising sustainably, there must be a swift and peaceful resolution to the trade war before long-term damage occurs to the U.S. economy. As the effects of Trump's tariffs appear in hard data such as consumption, inflation, and labor market statistics, the dollar will continue to weaken over the coming months."