Donald Trump believes that US manufacturing is hampered by the strength of the dollar. The idea of a weaker currency is supported by his team.
Since Donald Trump’s inauguration in January, the value of the dollar has fallen. Investors have rushed to the exit because they fear Trump’s tariffs could lead to a recession in the US.
Does the president care? Trump’s opinion of the value of his country’s currency seems contradictory.
Because it gives the US geopolitical leverage, he wants a dominant dollar.
However, he claims that US manufacturing is slowed by a weaker greenback.
According to some economists, the president may lower the dollar’s value. His organization supports the concept of a “Mar-a-Lago Accord” to stifle it.
Source: Aljazeera
Leave a Reply