by Summary:
This tariff increase is probably an example of what Trump will do in the face of any significant foreign currency devaluation: I have just authorized a doubling of Tariffs on Steel and Aluminum with respect to Turkey as their currency, the Turkish Lira, slides rapidly downward against our very strong Dollar! Aluminum will now be 20% and Steel 50%. Our relations with Turkey are not good at this time! — Donald J. Trump (@realDonaldTrump) August 10, 2018 Which may cause feedback of further devaluation in the subject currency vs. USD as the foreign merchants will have to lower the prices of their product in USD terms even more if they want to compete on price in the US market (ie then Risk down/Non-risk up at the banks, etc...) I'd think the process would eventually end when the foreign
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This tariff increase is probably an example of what Trump will do in the face of any significant foreign currency devaluation: I have just authorized a doubling of Tariffs on Steel and Aluminum with respect to Turkey as their currency, the Turkish Lira, slides rapidly downward against our very strong Dollar! Aluminum will now be 20% and Steel 50%. Our relations with Turkey are not good at this time! — Donald J. Trump (@realDonaldTrump) August 10, 2018 Which may cause feedback of further devaluation in the subject currency vs. USD as the foreign merchants will have to lower the prices of their product in USD terms even more if they want to compete on price in the US market (ie then Risk down/Non-risk up at the banks, etc...) I'd think the process would eventually end when the foreign
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
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This tariff increase is probably an example of what Trump will do in the face of any significant foreign currency devaluation:
I have just authorized a doubling of Tariffs on Steel and Aluminum with respect to Turkey as their currency, the Turkish Lira, slides rapidly downward against our very strong Dollar! Aluminum will now be 20% and Steel 50%. Our relations with Turkey are not good at this time!— Donald J. Trump (@realDonaldTrump) August 10, 2018
Which may cause feedback of further devaluation in the subject currency vs. USD as the foreign merchants will have to lower the prices of their product in USD terms even more if they want to compete on price in the US market (ie then Risk down/Non-risk up at the banks, etc...)
I'd think the process would eventually end when the foreign nation simply has no more financed inventory of product intended to be sold in USDs; which may be Trump's goal...