The US dollar index dipped 0.5% as trade tensions escalated following President Trump's shocking 50% tariff on steel and aluminum imports. Asian markets mirrored this decline, showcasing investor unease. Analysts warn that these tariff strategies could disrupt global trade and threaten economic stability, especially for ASEAN and EU partnerships.

The Suez Crisis of 1956 marked a pivotal moment in Britain's waning global power, highlighted by a botched invasion of Egypt and strong US resistance. Today, similar fears arise as Trump's tariffs threaten to undermine American influence and the dollar's stability, raising concerns about a fractured global monetary landscape.