Dollar on track for steepest annual drop for almost a decade(ft.com)
ft.com
Dollar on track for steepest annual drop for almost a decade
https://www.ft.com/content/1712a946-5861-444e-9740-d488c865c5cf
7 comments
I guess this would be a part of making an export oriented economy viable?
> I guess this would be a part of making an export oriented economy viable?
Not in the time of trade wars and tariffs.
That's the irony here, nationalism - both economic and cultural - is being pushed onto the world spearheaded by the current US administration, it's a worldwide push - anyone can impose tariffs for any reason and simply point to the US as an excuse.
End result - an export oriented economy can never take roots in the US during that time.
The fall of the dollar will only lead to more inflation, more poverty and higher wealth inequality.
Not in the time of trade wars and tariffs.
That's the irony here, nationalism - both economic and cultural - is being pushed onto the world spearheaded by the current US administration, it's a worldwide push - anyone can impose tariffs for any reason and simply point to the US as an excuse.
End result - an export oriented economy can never take roots in the US during that time.
The fall of the dollar will only lead to more inflation, more poverty and higher wealth inequality.
If you want to win a trade war against a country that holds a lot of your currency, that’s a hell of a way to win it.
> If you want to win a trade war against a country that holds a lot of your currency
There are no such countries compared to the volume necessary to harm them and much less compared to the volume necessary for the US to gain from it.
More importantly, tariffs and export restrictions can go both ways and their bang as weapons of trade war far exceeds the measly whisper of a falling currency.
At most, this can end as a loss for both sides, but the US is far more exposed and is going to lose a lot more - except for the super-rich of course, they have the rest as their human shields.
There are no such countries compared to the volume necessary to harm them and much less compared to the volume necessary for the US to gain from it.
More importantly, tariffs and export restrictions can go both ways and their bang as weapons of trade war far exceeds the measly whisper of a falling currency.
At most, this can end as a loss for both sides, but the US is far more exposed and is going to lose a lot more - except for the super-rich of course, they have the rest as their human shields.
Great way to win a battle and lose a war.
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