The US dollar will continue to strengthen in the medium-term thanks to the economic policies of US President Donald Trump, according to Uwe Parpart, chief strategist at Capital International.
Trump’s tax cut bill and repatriation tax – which will help American companies to bring overseas earnings back onshore – will result, Parpart said, in significant in-flows to the US, benefitting the US economy as a whole and strengthening the dollar.
He added that the low-tax climate in the US would likely attract investment from overseas companies.
Parpart, who was speaking on CNBC’s Street Signs program, is also editor of Asia Times.
Buongiorno ????
PARPART HAS DRANK THE COOLLAIDE !!! ALL THAT LOOT COMING IN WILL GO TO STOCK BUY BACKS AS HAS BEEN GOING ON NOW FOR A DECADE.AND THE SURPLUS WILL BE PAID OUT TO SHARE HOLDERS A SPECIAL DISTRIBUTION!!NOTHING WILL TRICKLE DOWN.THAT S BEEN THE SCAM SINCE DR LAFFLER SOLD REAGAN THAT BILL OF GOODS.