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submitted 3 weeks ago by HowRu68@lemmy.world to c/world@lemmy.world

"The European single currency rose by a cent to $1.093, breaching the $1.09 barrier for the first time since Donald Trump won the presidential race. Sterling hit $1.295, its highest since 8 November." (...)

"The “Trump trade” that sent the dollar soaring after his victory has unwound, as the imposition of US tariffs against Canada, Mexico and China and the threat of levies against European trading partners have triggered fears of an American recession."

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[-] codessh@lemmings.world 2 points 3 weeks ago* (last edited 3 weeks ago)

This would also have the effect that the USA work force is mainly useful for low wage labor, would it not? Basically turning the USA back into a third world country that can be exploited for cheap labor. But I guess that is what so many USA citizens would like and vote for 🤷‍♂️

this post was submitted on 11 Mar 2025
196 points (99.5% liked)

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