Thursday 12 December 2019
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maverick - 9 days ago

Newsdeck: Trump Brazil, Argentina Tariffs Over Currencies Are Misguided

What a difference a decade makes. Back in September 2010, Guido Mantega, Brazil’s then-finance minister, was complaining bitterly about “currency wars,” and claiming the Federal Reserve’s ultra-loose monetary policy of the time was unfairly hurting his economy. “We’re in the midst of an international currency war, a general weakening of currency,” he said then. “This threatens us because it takes away our competitiveness.” 


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