Dollar to gain from trade war escalation, says Wells Fargo
Trade tensions will be dollar-positive and weigh on risk-sensitive EM currencies
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The dollar is set to benefit from the escalation of trade tensions after China announced trade tariffs on $60 billion of US imports in retaliation to president Donald Trump’s recently announced levies.
From September 24, the US will start charging additional duties on $200 billion of Chinese imports, which spurred China to push back with its own set of tariffs. The retaliation has escalated trade tensions between the two countries, with Trump threatening to
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