Analyst Predicts Downward Pressure on Dollar Due to Tariff Costs

According to Odaily, Deutsche Bank analyst George Saravelos has highlighted potential downward pressure on the U.S. dollar as Americans bear the brunt of tariff costs. Saravelos noted that if foreign entities were absorbing these costs, their sales prices should decrease, a trend that has not been widely observed. Despite controlled inflation in the U.S., it is importers rather than consumers who are primarily shouldering the tariff expenses. Saravelos stated, "Since the tariff costs are mainly borne by the U.S., this becomes another negative factor for the dollar."