‘The damage is done’: Trump’s tariffs put the dollar’s safe haven status in jeopardy

News Snapshot:

Amid the global fallout from Donald Trump’s “liberation day” tariff announcement, it appears nowhere is safe. Crashing share prices, a sell-off in bonds and currency chaos erasing trillions of dollars of wealth in a matter of days. On Friday, the dollar fell by more than 1% relative to a basket of other currencies to reach its lowest level in three years, compounding an almost 10% slide since the start of the year. In the space of a week, it has lost about 3 cents against the pound and 4 cents against the euro. Even after the president’s partial U-turn –...