If the United States raised import tariffs on Japanese products, and Japan did not respond, then the dollar would depreciate against the pound, ceteris paribus.

Question

Quizplus · Accepted Answer

There is no direct correlation between import tariffs on Japanese products and the depreciation of the dollar against the pound. Other factors such as interest rates, trade balances, and geopolitical events will have an impact on currency exchange rates.

If the United States Raised Import Tariffs on Japanese Products