$DXY U.S. Dollar Currency IndexTVC:DXYBlackLine_StrategiesWhat if tariffs aren’t only about trade? The U.S. needs buyers for massive amounts of debt. If foreign demand for Treasuries weakens → bond yields rise. Higher yields can attract global capital → investors need dollars to buy U.S. assets → demand for USD increases. Tariffs can also pressure global trade and capital flows. So the bigger strategy could be: Tariffs → Global Pressure → Higher U.S. Yields → Capital Flows → Stronger Dollar → Treasury Demand The real battle might not just be over trade. It could be about who finances America’s next cycle of debt.