Trump’s 10 Percent Tariffs: Projected Impacts on U.S … – AAF

Increased tariffs tend to inflate that country’s exchange rate, which ultimately lowers exports as consumers search for cheaper alternatives. Should the United States impose a 10 percent tariff, the U.S. dollar would appreciate in value compared to other currencies, thereby making the goods of U.S. trade partners “cheaper” while U.S …

https://www.americanactionforum.org/research/trumps-10-percent-tariffs-projected-impacts-on-u-s-households-and-allies/