For decades, the U.S. dollar has served as the world’s most trusted currency. It’s been buoyed by its role as the global reserve currency and its reputation as a safe haven during turmoil. But today, the dollar is in a crisis of confidence, putting the retirement savings of millions of Americans at stake.
In theory, tariffs should boost the dollar by making imports costlier, reducing demand for foreign currencies, and spurring interest rate hikes that attract capital. Historically, market turbulence has sent investors running to the dollar.
But not this time.
