Why One Trader Thinks Trade War Will Send The Dollar Tumbling

According to conventional wisdom, trade wars are bullish for the dollar, for two main reasons: they tend to be inflationary (import prices spike), and they impact risk assets, resulting in a flight for USD-denominated safety. Indeed, just today, Bloomberg writes that for dollar bulls, Trump’s trade wars are just what the doctor ordered.

They see the greenback as a better haven than gold should the tariff tit-for-tat intensify. Four months after the U.S. president