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Will Trump protectionism prompt trade wars and fiat currency instability?

*CNBC, by Jane Cai, January 20, 2017

”For two decades, China has been one of the countries on a U.S. watch list aimed at identifying trading partners that manipulate their currencies in order to keep their exports cheap.

Complaints that Beijing kept the yuan exchange rate artificially low escalated as China’s bilateral trade surplus soared, with regular threats to label it a currency manipulator.

Washington has not taken that drastic step since the early 1990s, but U.S. President-elect Donald Trump has vowed to do so, shrugging off the prospect of exacerbated tensions between the world’s two largest economies.”

*This information is solely a highlight of the opinion of a third-party publication and is incomplete.  Please subscribe to this publication for the full and timely opinion of the author and call a Monex Account Representative for any additional up-to-date information. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.

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