Dudley goes against Trump’s protectionist line
New York Fed president criticises protectionism as Donald Trump steps up rhetoric
New York Federal Reserve president William Dudley has spoken out against protectionist forces, even as US president Donald Trump moved to impose tariffs on US imports of steel and aluminium, threatening a trade war.
Dudley acknowledged the “challenges” created by rising globalisation for industries and workers when they lose competitiveness. “We must do better in addressing the very large costs that can be imposed on particular communities and households,” he told an audience at the Central
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