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Trump Keeps Accidentally Igniting Dollar With His Trade War

  • Tariff conflict boosts foreign demand for Treasuries as haven
  • Winning trade war and FX war ‘seems rather doubtful’: SocGen
Donald Trump

Donald Trump

Photographer: Andrew Harrer/Bloomberg
Updated on

No wonder he’s frustrated: Donald Trump’s intensifying battle with China and other major trading partners is morphing into a global currency war, and it will be hard for him to win both.

The president once again bemoaned dollar strength on Thursday, saying in a tweet he wasn’t thrilled with it and calling on policy makers to slash interest rates. Yet the trade tensions he has stoked have supported the currency this year.