Asked about the potential for the Trump administration to try to weaken the dollar's value through a new version of the 1985 Plaza Accord, Yellen said that the Biden administration believes it's best ...
Experts warn that President Trump's proposed tariffs on Mexico, Canada, and China could disrupt global supply chains, increase consumer prices, and harm small businesses.
China’s top leaders and policymakers are considering allowing the yuan to weaken in 2025 as they brace for higher US trade tariffs as Donald Trump returns to the White House.
For example, Trump in his first term raised tariffs on $300 billion of Chinese imports to 17.5% from 2.7% - and calamity didn't follow. The one-time impact on overall inflation was just 0.3%. Until ...