Agency: Trump suspends tariffs on electronic products, and the US dollar is temporarily supported

Planet Daily News: After the United States suspended tariffs on popular consumer electronics, the US dollar gained a slight breathing opportunity from its recent sharp decline, which created some hope that Trump would show flexibility in executing the trade war. However, this relief may be temporary, as Trump still promises to impose specific import tariffs on consumer electronics and review microchips in national security tariff investigations. Dane Cekov, senior macro and forex strategist at Sparebank 1 Markets AS, said: "To sustain the dollar's rise, the trade war must be quickly and peacefully resolved before the US economy suffers long-term damage. As the impact of Trump's tariffs appears in hard data such as consumption, inflation, and labor market data, the dollar will continue to weaken in the coming months." (Jin Shi)