The market understands the Administration's objective to level the playing field, particularly with China, but is confused about its strategy.
While the recent developments on the Korean peninsula have been constructive many key issues remain unsolved.
Economic theory would support that trade deficits weaken the dollar, but there are larger factors determining the U.S. dollar exchange rate.
The Trump administration recently announced new steel and aluminum tariffs, which might be the beginning of a larger trade war.
Jerome Powell spoke to the House Financial Services Committee about monetary policy.
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