How Donald Trump's low dollar would penalise Europe and China

DECRYPTAGE - Major U.S. partners are concerned about the impact of the strategy theorized by Stephen Miran, President's Economic Advisor.

Higher production costs will make American goods more expensive, giving Europe and China an advantage.

“Trump is hurting the dollar with tariffs. He’s shooting himself in the foot.” Barnuevo Diego Barnuevo, an eBury market analyst, comments how, given the possibility of high tariffs being imposed and a large-scale trade war taking place, companies around the world are trying to stock up earlier [...] The entry “Trump is hurting the dollar with tariffs. He’s shooting himself in the foot.” Barnuevo first appeared on Business TV.