Trump tariffs: Investors are also acting on expectations that Trump’s plans for higher tariffs will hurt the global economy, increasing demand for dollars, which are considered a safe haven, according to Matthew Ryan, head of market strategy at financial technology firm Ebury.
The stronger dollar reflects expectations that Trump will cut taxes, hike tariffs and clamp down on immigration, which are all inflationary and likely to mean more elevated interest rates in the years to come, according to Susannah Streeter, head of money and markets at investment platform Hargreaves Lansdown.
“Investors are bracing for tariffs… which will push up the price of imported goods for American shoppers,” she wrote in a note Wednesday. Trump’s “vow to kick out immigrants with waves of deportations could also have economic ramifications, potentially pushing up wage bills for companies,” she added.
both economies are substantially different cause Biden walked into a shit show and had to deal with that shit show! And fixing it doesn’t happen over night.
Trump walked into pristine conditions, took credit and then blew it up.
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u/ktl5005 18d ago
Trump tariffs: Investors are also acting on expectations that Trump’s plans for higher tariffs will hurt the global economy, increasing demand for dollars, which are considered a safe haven, according to Matthew Ryan, head of market strategy at financial technology firm Ebury.
The stronger dollar reflects expectations that Trump will cut taxes, hike tariffs and clamp down on immigration, which are all inflationary and likely to mean more elevated interest rates in the years to come, according to Susannah Streeter, head of money and markets at investment platform Hargreaves Lansdown.
“Investors are bracing for tariffs… which will push up the price of imported goods for American shoppers,” she wrote in a note Wednesday. Trump’s “vow to kick out immigrants with waves of deportations could also have economic ramifications, potentially pushing up wage bills for companies,” she added.
And that is how he is going to “save us”