20% rise is more realistic. To compound the insult to injury to emerging economies is the added prospects of increased interest rates by the FED. This has more to do with US companies doing the double shaft while selling out their own country at the same time, and this is where the President Elect ire is focused on.
Trump’s Border Tax Threat May Weaponize the Dollar
Is fiscal war the new currency war? President-elect Donald Trump’s threat to impose a “major” border tax on U.S. manufacturers that make products abroad to sell in the U.S. could fuel the next leg in the post-election dollar rally, some analysts reckon. In his first post-election press conference, Trump doubled down on his proposal to impose policies aimed at boosting onshore production of U.S. goods and services through penalties on imports. “There will be a major border tax on these companies that are leaving and getting away with murder,” Trump said on Wednesday, without elaborating. “You’ve got a ... (full story)