Good backgrounder examining issues related to possible US tariffs on imports ... here's the nugget:
around 80% of commercial bank and ECA-backed trade finance lending into Asia is from non-US institutions
So accordingly practically all changes of the foreign exchange rates vs. USD are a function of foreign institution balance sheet regulatory adjustments in response to USD price changes of the financed products.
Check and checkmate.
How will a protectionist US affect the trade finance markets? FREE 4-page briefing here: https://t.co/Iw7HEYv0w6 pic.twitter.com/yioOpG15J2— Trade Finance (@TradeFinance) November 28, 2016