Trump's trade policy a big problem for the Fed, Powell says

Credit: CBS News- Published on August 23, 2019
Federal Reserve Chairman Jerome Powell said interest-rate cuts can't offset the impact of trade tensions

Credit: The Street
Published 3 weeks ago -  01:31
Tesla's Price Hikes In China Shows How Tariffs and Currency Wars Really Work
Electric carmaker Tesla just gave the world a beautiful lesson on what really happens during a trade war or a currency war. The manufacturer says it will raises prices on its vehicles starting at the end of the week and may do so again before the end of the year. Why? It is the result of the trade war and a possible currency war between China and the U.S. Each country is imposing tariffs on the other country's products. That should be clear to anyone watching the news. It also looks like China is trying to deflate its currency, the Renminbi, versus the dollar. Certainly, its value has declined over the past few months. That is often what happens in a currency war -- a race to devalue a currency in an effort to gain a trade advantage. The problem in both cases is that it hurts the people in the country most of all. Watch the video to find out more. Related: Tesla Investors: Two Keys to Monitor as EV Maker Raises Prices in China Premium Pick: 4 Tips for Dealing With Volatility on Trump, China and the Fed Success Story: Nepal's Only Billionaire Shares His Success Mantra Ask the Expert: Ask the Expert: Here's How Cannabis Investing Differs From Other Sectors TheStreet Explains: The Benefits of Using a Credit Card Subscribe to our Youtube Channel for more videos : Listen our latest Podcasts on Soundcloud Jim Cramer and TheStreet Launch Bull Market Fantasy Channel on Maven Jim picks stocks on Wall Street, now he's picking NFL players for fantasy football! Check it out at - check it out here or see his latest videos below: Cramer Confessional: Jim Cramer's One Fantasy Drafting Regret Cramer's Fantasy Football Draft Got a Little Crazy - Watch Jim Cramer Breaks Down His Top Lesson From His Fantasy Draft Catch Up: Today's Top News Videos Below

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