From Yahoo Finance: 2025-04-04 02:04:00

President Trump’s latest tariffs are causing concern among trading partners, with fears of more aggressive tactics to reduce the U.S. trade deficit. China retaliated, impacting stock markets. The U.S. may seek a Mar-a-Lago accord to weaken the dollar, but experts doubt its feasibility due to economic and political differences.

If a trade deal isn’t reached, the U.S. could threaten to restrict access to the dollar, impacting global markets and foreign central banks. While this tactic could erode the dollar’s status as a global currency, it remains uncertain if Trump will take such drastic measures, despite concerns from experts and observers.

The U.S. also holds power through payment giants like Visa and Mastercard, which dominate card transactions in the euro zone. Pressure on these companies could disrupt European markets, leading to discussions on potential retaliation measures. European officials are cautious but may consider tariffs or restrictions on U.S. banks’ access.

Read more: After tariff shock, Trump may weaponise finance against allies