How Will Trump's Policies Affect International Gold Prices?
Recently, the newly re-elected U.S. President Trump posted: "Impose an additional 10% tariff on China (mainland)! A 25% tariff on Mexico and Canada! Will terminate China's (mainland's) most-favored-nation trade status with the United States." As soon as this statement was made, international markets immediately reacted strongly, causing the exchange rates of the Canadian dollar, Mexican peso, euro, British pound, Korean won, and Australian dollar to fall against the U.S. dollar. The Canadian Broadcasting Corporation called this "the most serious threat to Canada in years."
