By mid-March 2018, rhetoric regarding trade relations between the United States and China began to heat up. President Trump started this earlier in the year with an announcement of steel and aluminum tariffs. Later he focused more on China and Chinese officials responded in kind. The heated-up rhetoric seemed to be capable of starting a serious trade war in which each country would boost tariffs that would raise the cost of the other nation’s exported products.
The United Kingdom’s vote to leave the European Union last year set off a series of dominoes in the forex market that is providing opportunities to traders. Brexit is likely to hurt the U.S. economy as much as it helps Great Britain’s.