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Trade and Currency Wars Impact Wells Fargo

Robert Karr
Trade and Currency Wars Impact Wells Fargo

The Trump administration has seen through changes in the Dodd-Frank Act, reduced corporate tax, and is now targeting a trade war, higher rates, and possibly a currency war. To date, the administration’s reforms have been largely domestic, focusing on supporting domestic manufacturing and growth policies. However, Trump has recently said that China and Europe are artificially keeping currencies low against the US dollar to push exports.