The US dollar is under pressure, as the White House slapped an additional tariff for China

• DXY is trading around the 103.00 area on Tuesday, where Bulls tries to extend the recovery on Friday.
• The feelings were raised after the commercial representative in the United States referred to the ongoing tariff talks with about 50 countries.
• The main resistance of the US dollar index is in line with 103.70 support on the negative side of 102.70.

the US dollar index (DXY), which tracks the performance of the US dollar against six main currencies, is circulating near the 103.00 region during the Tuesday session. The momentum was picked up after optimistic labor market data last week, helping the index to recover from its lowest level. Investors welcomed the statements of the US Trade Representative (USTR) JAMISON Greer, who told the Senate Finance Committee that the United States is participating in customs tariff discussions with nearly 50 countries.

However, the pressure pressure resumed after the United States confirmed an additional tariff to enter into force on April 9 against China.

Daily Digest Market Movers: The US dollar sees a volatile session on the trade dialogue

• Ustr Greer has told legislators that the United States is actively working with dozens of countries on customs tariff negotiations, although the American tariff is expected to start with pleasure.
• Optimism about commercial momentum and hints when expanding access to the markets for supportive cultivation, although no clear schedule is not presented.
• Despite the participation of many commercial partners, Jarir indicated that China is still resistant to negotiations, which expands the rift between Washington and Beijing.
• In line with this, press secretary Trump Caroline Levit said that revenge for the application of 34 % to US exports, the United States will add another 50 % tariff to Chinese goods.
• Treasury Secretary Scott Bessin confirmed that President Trump will participate directly in future talks, while European Commission President von der Lin warned of possible revenge if a decision is not reached.

Technical analysis

The US dollar index remains within a narrow range near 103.00, which reflects the behavior of cautious market. The difference in moving average rapprochement (MACD) shows a purchase signal, while the RSI Index (RSI) at 41.87 and the bull bear in -0.98 reflects a neutral position.

Nevertheless, the hole signals continue from the temporary intermediate averages for 20 days, 100 days and 200 days (SMA), all of which indicate. Likewise, the 10 -day SIA moving average (EMA) and SMA enhances the downward tendency.

The main resistance levels that must be monitored include 103.48, 103.66 and 103.71, while immediate support is 102.73. Daily closure above 103.18 is still necessary for bulls to restore control.

Common questions between the United States of China for war

In general, the trade war is an economic conflict between the two countries or more due to severe protectionism at one party. It involves the creation of commercial barriers, such as customs tariffs, which lead to anti -import barriers, and to import costs, and thus the cost of living.

The economic conflict between the United States (the United States) and China began in early 2018, when President Donald Trump laid commercial barriers on China, claiming unfair commercial practices and theft of intellectual property from the Asian giant. China has taken retaliatory measures and imposed a tariff on multiple American goods, such as cars and soybeans. Tensions escalated until the two countries signed the commercial deal for the first stage of the United States of China in January 2020. The agreement requires structural reforms and other changes on the economic and commercial system in China and demonstrated by restoring stability and confidence between the two countries. However, the Koronavus virus’s pandemic took the focus from the conflict. However, it should be noted that President Joe Biden, who took office after Trump, maintained the customs tariff in his place and added some additional fees.

Donald Trump’s return to the White House as an American president ignited 47 new waves of tensions between the two countries. During the 2024 election campaign, Trump pledged to impose 60 % of the customs tariff on China once he returns to his position, which he did on January 20, 2025. With the emergence of Trump, the American trade war and China aim to resume the place where it was left, with policies for corrections that affect global economic records in nutrition in nutrition.