More trade measures from President Trump

President Donald Trump announced plans to end trade preferences for India and Turkey, beginning a 60-day countdown to the potential termination of designations that allow duty-free entry of wide-ranging products from those countries.

India failed to assure Washington of “equitable and reasonable” market access, while Turkey was deemed to have a sufficiently developed economy to no longer need the designation.

The move comes just weeks before India’s national elections and may increase opposition attacks on Prime Minister Narendra Modi’s foreign policy track record.

Two separate reports published over the weekend found that the cost of Trump’s trade policies ran into the billions of dollars and are being largely borne by American consumers.

Bloomberg

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Dean Popplewell

Dean Popplewell

Vice-President of Market Analysis at MarketPulse
Dean Popplewell has nearly two decades of experience trading currencies and fixed income instruments. He has a deep understanding of market fundamentals and the impact of global events on capital markets. He is respected among professional traders for his skilled analysis and career history as global head of trading for firms such as Scotia Capital and BMO Nesbitt Burns. Since joining OANDA in 2006, Dean has played an instrumental role in driving awareness of the forex market as an emerging asset class for retail investors, as well as providing expert counsel to a number of internal teams on how to best serve clients and industry stakeholders.
Dean Popplewell