LONDON (Reuters) – The euro could return to parity against the dollar if Donald Trump wins the U.S. presidential election in November and imposes hefty 20% tariffs on European automakers, the chairman of Barclays global research predicted on Friday.
Barclays predicts the euro will fall to $1.05 from $1.08 now as part of its “base case” rise of 10% wider tariffs in Europe, but “if we get 20% car tariffs, I think that’s likely , will be much closer to parity,” Ajay Rajadhyaksha of Barclays told reporters on a conference call.