On Latest US & Canada Tiff & Latin America’s Warsh Woes

The inability of President Donald Trump and Canada’s Prime Minister Mark Carney to play nicely resulted in the US placing 50% tariffs on certain Canadian imports. The move risks exacerbating US inflation, making Fed Chair Warsh’s job tougher, William writes. It also won’t help Canada solve its productivity problem. … Fed Chair Warsh’s hawkish Jackson Hole speech triggered selling in Latin American currencies. Higher US interest rates and a stronger dollar pressure nations with heavy dollar-denominated debt loads and commodity imports. William lists Latin American countries to watch. … And: the EM Latin America MSCI index may have a low earnings multiple, but analysts are very optimistic about future earnings growth. Toby examines the discrepancy.