Trump’s tariffs trigger frantic currency trading
Description
Without question, the only real talking point on investors' lips at present is the protectionist utterings emanating from the recently anointed Trump administration. Risk currencies sold-off sharply after Trump unveiled savage tariffs aimed at Canada, Mexico and China over the weekend, although these moves have since reversed after a number of the trade restrictions were delayed at the eleventh hour.
But, what do our analysts make of the headlines? Is Trump serious? Or are these tariff threats merely a negotiating ploy? And how could markets react to the imposition of trade restrictions on the European Union?
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