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The US dollar is on track for its worst year in modern history

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124 points harambae | 12 comments | 04 Jul 25 06:47 UTC | HN request time: 0s | source | bottom
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jamisteven ◴[04 Jul 25 07:19 UTC] No.44461982[source]▶
Entirely by design.
replies(1): >>44462042 #
ggm ◴[04 Jul 25 07:29 UTC] No.44462042[source]▶
Cheaper dollar boosts US exports. Makes imports more expensive even before tarrifs. Which situationally, some industrial sectors will want. The exporting ones. The ones reliant on imports, less such.

The US isn't self sufficient in food. Food imports are going to get more expensive.

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1. lifestyleguru ◴[04 Jul 25 07:54 UTC] No.44462222[source]▶
> boosts US exports

The world doesn't need that much guns and missiles. There are two major markets currently and that's all mostly.

replies(3): >>44462301 #>>44462637 #>>44462675 #
2. clarionbell ◴[04 Jul 25 08:07 UTC] No.44462301[source]▶
US doesn't just make weaponry but let's roll with that. You said there are two major markets now, I assume you mean Europe, that is the most wealthy continent, and Middle East one of the most awash with cash regions in the world.

You may be tempted to assume that only active participants in wars buy weapons, but that has never been the case. And especially now, you have many countries trying to restock and prepare.

replies(2): >>44462341 #>>44462443 #
3. arethuza ◴[04 Jul 25 08:14 UTC] No.44462341[source]▶
A lot of European countries are probably rethinking dependencies on the US as a supplier of weapons.
replies(2): >>44462453 #>>44463736 #
4. ◴[04 Jul 25 08:32 UTC] No.44462443[source]▶
5. reissbaker ◴[04 Jul 25 09:00 UTC] No.44462637[source]▶
Guns and missiles don't even make it into the top five U.S. export categories. The largest good exported is civilian aircraft parts, although it pales in comparison to business services exported (>$200B) and financial services (~$175B).
replies(1): >>44462810 #
6. throwaway29447 ◴[04 Jul 25 09:06 UTC] No.44462675[source]▶
> The world doesn't need that much guns and missiles.

Yet they seem to be begging for them pretty hard.

replies(2): >>44462721 #>>44463421 #
7. lifestyleguru ◴[04 Jul 25 09:11 UTC] No.44462721[source]▶
> Yet they seem to be begging for them

American socia media takes care that they are all engaged, quarrelsome, and polarized.

8. actionfromafar ◴[04 Jul 25 09:25 UTC] No.44462810[source]▶
A lot of foreign customers are rethinking their dependency on American services, too. Not out of some ideology, just hedging against whimsical policies. Just a year ago, such discussions would have been idle crackpot watercooler talk, now it's a normal boardroom subject. The shift will take time, but that's it's even on the agenda is incredible.
9. ggm ◴[04 Jul 25 11:03 UTC] No.44463421[source]▶
Rheinmetall shares are doing well. They're in all kinds of JV worldwide. It's not Basil Zharoff spectacular but they're healthy. The world wants the blessed Mary of the javelin, and anyone who makes NATO 155mm has a market.

People who bought the F35 have mixed views. Awesome tech. Is there a remote off switch?

British arms factories are salivating at the prospect of NATO and EU spend. The French want to ring-fence them out but almost any complex materiel is made across Europe in the wider sense. Risk management drove there, I think France will stop being silly once their factories supply books are healthy.

10. mensetmanusman ◴[04 Jul 25 11:54 UTC] No.44463736{3}[source]▶
After they think, what will they do?
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11. lifestyleguru ◴[04 Jul 25 12:07 UTC] No.44463805{4}[source]▶
Act on the urgent issue that so many bottle caps are still not attached to their bottles.
12. arethuza ◴[04 Jul 25 13:15 UTC] No.44464270{4}[source]▶
Buy weapons systems developed in Europe?