The dollar is already surging to two-year highs against currencies of America’s main trading rivals, offsetting the very competitiveness Trump’s tariff plans aim to protect. It may just be the turn of currency markets to play ‘bad cop’ to the incoming U.S. administration’s proposed tariff hikes—sideswiping its trade threats by catapulting the dollar higher.
How Trump’s Tariff Plans Could Rattle Currency Markets
Reuters, Fast Company
Tue, 11/26/2024 - 4:45pm
BING NEWS:
- Bank of Canada says Trump's proposed tariffs would impact both economies
The Bank of Canada said on Tuesday that if U.S. President-elect Donald Trump follows through on his threat of tariffs on Canada, it would have an impact on both economies and the central bank would incorporate those into its economic forecasts.
11/26/2024 - 1:44 am | View Link - Trump’s tariff threats signal the start of a wild ride in currency markets
Donald Trump's vow to implement additional tariffs on China, Canada and Mexico signals the start of a wild ride in currency markets, strategists say.
11/25/2024 - 10:57 pm | View Link - More
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