The strength of the US dollar has been one of the biggest surprises of 2018, but not a welcome one for a US administration determined to lower its trade deficit with China. Photo: Reuters
Neal Kimberley
Opinion

Opinion

Macroscope by Neal Kimberley

Why a stronger yuan, not tariffs, may be Trump’s best hope to shrink US trade deficit

  • Neal Kimberley says the dollar’s strength has widened the trade deficit by making US exports more expensive and goods it imports cheaper, defeating a purpose of Trump’s tariffs

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The strength of the US dollar has been one of the biggest surprises of 2018, but not a welcome one for a US administration determined to lower its trade deficit with China. Photo: Reuters
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