r/politics 🤖 Bot 1d ago

Discussion Discussion Thread: US Senate Debates and Considers the Republican Budget Resolution on April 4th, 2025

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u/obiouslymag1c 1d ago

The USD tanking is also unwelcome as it adds an extra bit of F U to all of us.

e.g. USD/EUR on Jan 20 2025 = 1/.98 - USD/EUR on April 04 2025 = 01/.91

  • Bottle of french wine that costs 100 Euro Jan 25 2025 = $104
  • Bottle of french wine that costs 100 Euro April 04 2025 = $131.06

Effectively a 26% increase since DJT came to office. (20% tariff / 6% currency)

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u/Prayer_Warrior21 Minnesota 1d ago

I was in Europe this time last year and it felt so cheap with the EUR basically 1:1 with USD.