Ninety deals in 90 days: The dollar has dropped steadily, defying Trump tariffs

After President Donald Trump announced a 90-day pause in imposing his “Liberation Day” tariffs, trade adviser Peter Navarro touted the possibility of “90 deals in 90 days.” In truth, it hasn’t been that easy, and the deadline is up on July 9. This Washington Examiner series, 90 Deals in 90 Days, will look at how we got here, where we’re going, and some of the unforeseen consequences that have cropped up. Part 1 looked at the uncertainty relating to tariff policy. Part 2 looked at the longer term economic forecast.

The value of the dollar has declined steadily throughout President Donald Trump’s second term, a trend that defies what would have been expected from his imposition of major tariffs.