Trump wants a weaker dollar that would make China have to dig even deeper to match lower U.S. prices, writes Jake Novak.
Jerome Powell and President Donald Trump during a nomination announcement in the Rose Garden of the White House in Washington, D.C., U.S., on Thursday, Nov. 2, 2017.Something funny is happening during this U.S. economic boom: President Trump keeps saying we still need an interest rate cut.
Sometimes you just have to read a bit between the lines to see what his real intentions are. In this case, you don't have to do too much detective work to see that Trump's hard campaigning for lower federal funds rates isn't about raising the GDP, lowering unemployment or increasing wages. At least not directly.The, also mostly on Twitter, about Chinese and European currency manipulation.
It's a matter of debate whether eliminating or watering down China's currency manipulation advantage would be a decisive blow in the trade dispute. But a bigger question many investors and political experts are asking is whether the Fed should even be playing that role in the trade war at all. It's important here to note that two of the top people on the front lines of the trade war for the president are Director of Trade and Manufacturing Policy Peter Navarro and U.S. Trade Representative Robert Lighthizer. Both believe tariffs don't necessarily hurt the country that imposes them and should be used more often. Many of Trump's tweets praising tariffs appear to have been greatly influenced by Navarro and Lighthizer.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Apple asks Trump administration for break on tariffs for Mac Pro parts made in ChinaApple has asked the Trump administration to exclude 15 components from import tariffs, according to U.S. Trade Representative comment filings published recently.
Leer más »
LA governor candidate calls himself 'Louisiana's Donald Trump': Supports Trump 'against these liberal lunatics'Eddie Rispone is a successful businessman and political outsider running for governor in Louisiana. A supporter of the president, he's been called 'Louisiana's Donald Trump.'
Leer más »
As Late-Night Hosts Battle Trump, David Spade Fights For Viewers With ‘Trump Fatigue’David Spade at the helm of a new late-night show? Viewers probably think they know what to expect. Yet Spade’s new program on Comedy Central will also be notable for what it doesn’t have to offer. …
Leer más »
Donald Trump welcomes Boris Johnson's victory as the 'Britain Trump'The US president said Johnson was 'tough' and 'smart' and added: 'they call him Britain Trump.'
Leer más »
Asia Pacific stocks set to trade mixed amid US-China trade developmentsStocks in Asia were set to trade mixed on Wednesday following developments on the U.S.-China trade front.
Leer más »
Boris Johnson was not always President Trump's friendJohnson blasted Trump in 2015 after Trump implied that areas of London were dangerous due to radicalization: 'The only reason I wouldn't visit some parts of New York is the real risk of meeting Donald Trump.' Johnson was later mistaken for Trump in NYC.
Leer más »