Deutsche Bank: The cost of tariffs is borne by Americans themselves, and the dollar faces downward pressure

Odaily News George Saravelos, an analyst at Deutsche Bank, wrote that the dollar is under downward pressure as Americans bear the brunt of the tariff costs. Saravelos pointed out that if foreign countries bear the tariff costs, their sales prices should fall, but this trend has not occurred except in a few cases. However, he also said that since U.S. inflation is still under control, it is not consumers but importers who bear the main costs of tariffs. Saravelos said: Since the tariff costs are mainly borne by the United States, this has become another negative factor for the dollar. (Jinshi)