# Trade Wars and the U.S. Dollar | PIMCO

> PIMCO analysis argues that rapid US tariff policy changes could weaken the US economy and rekindle inflation. It notes parallel declines in the dollar, US equities and Treasuries, and suggests investors may diversify away from US assets over time.

- Date: 2025-04-17 · published 2025-04-17T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/25333-trade-wars-and-the-u-s-dollar-pimco
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Reduced reliance on the dollar and US assets could strengthen alternative currencies, altering trade pricing and the relative competitiveness of US farm exports.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-08-29 | [The U.S. Dollar and Commodity Prices \| news.cqg.com](https://feedsoft.ai/events/28700-the-u-s-dollar-and-commodity-prices-news-cqg-com.md) | +0.5% | -0.7% |
| DXY | 2018-03-02 | [Dollar tumbles as US tariff plan ignites trade war fears](https://feedsoft.ai/events/66227-dollar-tumbles-as-us-tariff-plan-ignites-trade-war-fears.md) | -0.6% | -0.8% |
| DXY | 2026-01-29 | [What the sinking U.S. dollar means to Canada and world](https://feedsoft.ai/events/21288-what-the-sinking-u-s-dollar-means-to-canada-and-world.md) | +0.6% | +0.3% |
| DXY | 2025-04-14 | [Why the U.S. dollar has plunged and euro soared on Trump tariffs](https://feedsoft.ai/events/7246-why-the-u-s-dollar-has-plunged-and-euro-soared-on-trump-tariffs.md) | -0.8% | -1.2% |
| DXY | 2018-03-28 | [US dollar weighed down by trade and interest rate policies \| The National](https://feedsoft.ai/events/66189-us-dollar-weighed-down-by-trade-and-interest-rate-policies-the-national.md) | +0.2% | +1.4% |

## Sources

- pimco.com: https://www.pimco.com/us/en/insights/trade-wars-and-the-us-dollar

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.