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US: Trump and the dollar
Mercantilists believe that a trade deficit, particularly if it is very significant as it is in the US (>$ 1,000bn), is proof of unfair practices in other countries. This justifies imposing restrictions on trade and forcing their currencies to appreciate. A few days ago, the Biden administration raised customs tariffs on a range of Chinese goods. Trump himself is threatening to slap a 10% tax on all exports to the US and is considering a monetary rebalancing, in reference to the N...
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Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Bruno Cavalier
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