“Protectionism, at the end of the day, is good for no-one,” Brazilian Finance Minister, Henrique Meirelles, told CNBC on Monday in Davos, Switzerland, reflecting on whether President-elect Donald Trump’s promises to rip up trade agreements will be good for the global economy.
Meirelles said it would be intriguing to see how the incoming Trump administration works together, given some differences of opinion between him and his proposed cabinet.
Week Ahead Trump Presser Weakens Dollar Awaiting US Inflation Report
Trump Keen on Quick Trade Deal With UK
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.
Craig Erlam
His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News.
Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Latest posts by Craig Erlam (see all)
- Market Insights Podcast – US GDP, RBNZ holds, bitcoin soars - 28 February 2024
- Market Insights Podcast – Nvidia earnings, record highs for stocks - 23 February 2024
- EUR/USD – A bullish breakout or just further consolidation? - 22 February 2024