KOTA KINABALU — The incoming (and former) US president Donald Trump has vowed to significantly raise tariffs on products imported into the US upon taking office again next month.
KOTA KINABALU — The incoming US president Donald Trump has vowed to significantly raise tariffs on products imported into the US upon taking office again next month. This has caused a not insignificant panic around the world, regardless of whether a country is a friend or foe of the US, because the US remains the world's largest economy with astonishing consumer power, making it the most desirable export destination.
When the amount of US dollars in circulation dwindles, the principle of supply and demand in economics would dictate that the value of the dollar will rise somewhat correspondingly. Conversely, if there is an excess supply of US dollars in circulation, its exchange value will naturally decrease.That said, the US dollar is undeniably the most sought-after currency globally. Regardless of how much the dollar circulates, most will be absorbed, with demand often exceeding supply.
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