Protectionism is Good For No One

January 16, 2017 Share Print 0

“Protectionism, at the end of the day, is good for no-one,” Brazilian Finance Minister, Henrique Meirelles, told CNBC on Monday in Davos, Switzerland, reflecting on whether President-elect Donald Trump’s promises to rip up trade agreements will be good for the global economy.

Meirelles said it would be intriguing to see how the incoming Trump administration works together, given some differences of opinion between him and his proposed cabinet.

CNBC

Week Ahead Trump Presser Weakens Dollar Awaiting US Inflation Report

Trump Keen on Quick Trade Deal With UK

Trump Will Beg Fed For QE4

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Bio
Twitter
Latest Posts

Craig Erlam

Senior Market Analyst, UK & EMEA at OANDA

Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.