Economics
Who Will Trump Blast Next Over Their Currencies?
- South Korea, Canada may be targets for jawboning, study shows
- Strategists warn rhetoric could escalate into currency war
Bill Gross Says Strong Dollar Is a Threat to Growth
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With all the Trump administration’s jawboning about countries devaluing their currencies to gain an unfair trade advantage, financial markets are left wondering: Who’s next?
Canada, Mexico and even South Korea are potential candidates for exchange-rate criticism, according to William Cline, a senior fellow at the Peterson Institute for International Economics in Washington. That’s because those nations are some of the U.S.’s biggest trading partners, and in the case of South Korea, its currency is also 6 percent undervalued, according to a PIIE study.