Deutsche Bank’s George Saravelos spoke in an interview with Bloomberg TV, his main point on the EUR:“Imagine a situation where the US puts up a huge tariff wall against China,”“All these Chinese goods would have to get diverted into other markets including Europe, so therefore we would see a big deflationary shock in Europe.” Says such tariffs would be implemented in a more sweeping and rapid fashion if Donald Trump wins the US presidency, leading to parity between the euro and dollar.More:more tariffs on China and elsewhere would have inflationary consequences for the USdisinflationary consequences for the rest of the world This would exacerbate the asymmetry between the Federal Reserve and
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