Part 6/8:
With the intense market volatility stemming from these tariffs, some experts are worried about the potential for currency wars. A stronger dollar makes it more difficult for other countries to purchase U.S. goods, further complicating global trade dynamics. This could lead to retaliation from other nations imposing their own tariffs, fostering a cycle reminiscent of the disastrous trade wars during the Great Depression of the 1930s.