Trump's Tariffs Are A Dangerous Currency Manipulation That Benefits China.

Zev Shalev exposes Trump's sleight of hand.

Yesterday, I said countries facing Trump's tariffs could zero out their trade imbalances with the US. Today, it's playing out in real time, and it hints at a major shift in global currency dynamics, particularly benefiting China's currency ambitions. Let me explain.

Trump's tariffs are not really about tariffs at all, but about trade imbalances - If ever…