Tariffs and Recession

The Trump administration wants interest rates lowered. With high inflation, the Fed refuses to lower interest rates.

Solution? Weaken the dollar to force the Fed to lower the rates.

One way is tariffs. Tariffs weaken the dollar (otherwise it would be too expensive to export American-made goods). Tariffs will also cause the stock market to dip, increasing the likelihood of a US recession.

Typically, stock market crashes encourage the Central Bank to lower rates to stimulate the economy.

A weakened US dollar will likely weaken SGD among neighbouring currencies.