One look at the Dollar Index in the last week and it’s clear just how ‘variable’ President Trump’s position has been on trade and so-called ‘border adjustments’. In the space of a few days, he has swung from being against a border adjustment, to possibly being for it, and now today confirming that “we are going to impose a major border tax.” Yen, Peso, and Loonie are all sliding further on the headline…
“We want to make our products here,” Mr. Trump says at meeting with business executives; adds focus will be on manufacturing in U.S. http://pic.twitter.com/pDJwEcjqqI
— CBS News (@CBSNews) January 23, 2017
Trump says he is going to cut taxes massively for middle class and companies
Mr. Trump says he plans to cut taxes and regulation during meeting with business executives. Watch more here: https://t.co/Sgc9Uj3lVV http://pic.twitter.com/gXwSXfGpPx
— CBS News (@CBSNews) January 23, 2017
U.S. President Donald Trump told leaders of companies ranging from defense manufacturer Lockheed Martin Corp to sportswear apparel maker Under Armour Inc on Monday that he believed his administration could cut U.S. regulations governing companies by 75 percent or more…
“We think we can cut regulations by 75%,” Mr. Trump says at meeting with business execs; says there will be massive tax cuts for companies http://pic.twitter.com/c4J1StsBQV
— CBS News (@CBSNews) January 23, 2017
And the instant reaction is a jolt higher in the dollar…
While Yen knee-jerked lower on his statement, it is still the Peso and the Loonie that are hardest hit so far….
via http://ift.tt/2jQllxp Tyler Durden