IMF Warns Trump Trade Policies Will Harm Global Confidence

The Trump administration’s trade policies are likely to hurt the US economy and undermine the world’s trade system, the IMF has warned.

IMF Director Christine Lagarde said a trade war would lead to “losers on both sides” and could have “serious” impact.
The caution came as the US prepares to levy new tariffs on $50bn worth of Chinese imports.


usdcad Canadian dollar graph, June 14, 2018

New duties on foreign steel and aluminium, announced in March, have already gone into effect.

Those tariffs have already prompted Europe, Mexico, Canada and China to introduce or announce plans for counter-measures in retaliation.

via BBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza