South central kansas | w1891 - 11/22/2024 15:54
Will it rise though? Trade imbalances are down the line a ways when it comes to determining currency trade. If we get cost push inflation and slower economic growth in the US economy, the dollar will weaken.
Edit: A question I would also ask is since tariffs have no upper bound would it not be advantageous to the US to go higher than 20% if one wants to argue 20% is at worst a no net change to the US economic picture. What determines that inflection point where a tariff rate becomes detrimental? Sort of a if a little is good then why is more not better.
In terms of, "will it rise though?. Well if every one was certain that Trumps policies on tariffs will lead to cost push inflation and slower US economic growth , then I agree but what has happened? it risen dramatically since he was elected.
While I agree that careful study needs to take place in terms of the levels of tariffs, I do agree with MIchael Kao.
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