Unlikely. A dollar not spent on a Chinese product should not reduce the value of that dollar. In fact, the missing transaction is more likely to lower the value of the renminbi, since buying Chinese products tends to raise it.

In any event the news of the US election caused the dollar to spike up, so the currency market does not agree with you. Apparently, the thinking is that tariffs on Chinese products will be inflationary which will force the Fed to raise rates which will cause an inflow of foreign money into the US markets chasing those higher interest rates and driving up the dollar. Speculators who just now pushed up the dollar are trying to get in early.

 

Too early to speculate. Trump hasn’t taken over yet. The tariffs need to be implemented. And then the effects will show themselves. You all can talk about it then.

 

I expect there to be a big backlash against Americans by governments of foreign countries and the populace themselves.

Last time it happened, there was no particular backlash. OK, some of the products subject to the tariffs got more expensive, and as a result the demand for them fell way off - so they got harder to find in the shops. But nothing "personally" directed at Americans that I was aware of.

 

This time seems that it’ll be worse. We’ll see when it happens

 

I don't expect a backlash against Americans abroad. After all there hasn't been a backlash in for the Americans' having tanked the German economy by cutting off access to cheap Russian gas on which their economy runs, both via diplomatic pressure and the American sabotage of the Nordstream Pipeline. The results were a two year recession in from which they may have begun to emerge recently. Also, BASF had to close its fertilizer factory and Volkswagen closed some plants while opening others in China. The Germans have a lot of reason to resent Americans, but we don't hear about backlash.