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Michael Pettis: 30% EUR devaluation exceeds tariff impact

Michael Pettis: 30% EUR devaluation exceeds tariff impact
Euro devaluation impact exceeds tariff

Michael Pettis highlights how currency devaluation and import tariffs similarly tax imports and subsidize exports. However, he emphasizes that a 30% tariff on Chinese imports cannot equate to a 30% devaluation of the euro, indicating the latter's more profound economic implications.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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