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7th August 2025 | view in browser
Tariffs spike, trade tensions rise

The dollar index remains under pressure with the latest round of weakness driven by a dovish shift from the Federal Reserve. Meanwhile, U.S. trade tensions are rising, with new 15% tariffs on Japanese imports and actions against countries like India and China for buying Russian oil, pushing the average U.S. tariff rate to 18.3%, the highest since 1934.
 
 

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