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

Question

Quizplus · Accepted Answer

The depreciation of the dollar against the pound is not directly caused by U.S. import tariffs on Japanese products. Currency exchange rates are influenced by a variety of factors, including trade balances, interest rates, and economic conditions, not solely by tariffs on specific countries.

If the United States Raised Import Tariffs on Japanese Products