On April 29, ING analyst Francesco Pesole observed that the Trump administration's intentions to mitigate the impact of automotive tariffs had contributed to a stabilization of the US dollar's recent decline. According to The Wall Street Journal, President Trump is considering easing taxes on imported auto parts to prevent the accumulation of tariffs on foreign-produced vehicles. Pesole emphasized that ongoing tariff developments will continue to "influence" the US dollar, noting that existing data already indicates economic damage to the United States. Collectively, the US dollar faces downward pressure this week.