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Trump's plans threatened by strong dollar conundrum
By Sam Fleming and Shawn Donnan
Financial Times, London
Tuesday, December 13, 2016
During the election campaign, Donald Trump railed against the effects of an overly strong dollar, warning about the damage it did to US companies' competitiveness. Unfortunately for the president-elect, his own victory on November 8 has proven to be a catalyst for an even more expensive U.S. currency -- in part because of stimulus plans Mr. Trump is pursuing.
America's growing strong dollar conundrum poses a threat to Mr. Trump's vows to slash the trade deficit. Some leading analysts fear that the elevated currency could prompt the incoming administration to lash out with protectionist measures as it attempts to prove it is fighting for U.S. exporters' interests, with China the likely focal point of early clashes. ...
... For the remainder of the report:
https://www.ft.com/content/adb780da-c13b-11e6-9bca-2b93a6856354
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