According to a report from CoinWorld, Deutsche Bank analyst George Saravelos stated that the dollar is under downward pressure due to the impact of tariff costs on Americans. Saravelos pointed out that if foreign parties were to bear the tariff costs, the selling price should decrease, but this trend has not emerged except in a few cases. However, he also noted that since inflation in the U.S. is still controlled, it is primarily importers, rather than consumers, who bear the tariff costs. Saravelos stated: "Since the tariff costs are mainly borne by the U.S., this becomes another unfavourable information factor for the dollar."