The U.S. dollar has recently experienced volatility, declining for a third consecutive day on May 21 due to anticipated impacts from American tariffs and President Trump's policies. Despite economic theory suggesting tariffs should strengthen a currency, the dollar index has tumbled, affecting global trade dynamics. Concurrently, a 2025 Bankrate survey revealed that affordability is a key concern for summer travelers, with many Americans not planning vacations. Experts warn that costs will rise, encouraging earlier booking for those intending to travel amid these fluctuations.
The power of the U.S. dollar is volatile, falling for a third day against several currencies on May 21, largely due to tariff policies impacting currency values.
According to the CEPR, import tariffs should impose upward pressure on the currency of the tariff-imposing country, which contradicts the current trends observed.
Less than half of Americans have summer travel plans, with 65% citing affordability as a major issue, highlighting economic concerns amid tariff impacts.
Bankrate's Ted Rossman advises travelers to book sooner to avoid potential cost increases, noting that travel expenses continue to rise.
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