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Trump blames strong dollar for U.S. economy 'going to hell'
By Chris Matthews
MarketWatch, New York
Friday, May 3, 2024
Donald Trump took aim at the Biden administration's management of the U.S. dollar in a recent interview, once again raising the possibility that, in a second term, he would push policies to weaken the American currency to boost exports.
"Our economy is going to hell. You have to see what's going to happen with the way with the outflow of jobs, with the dollar the way it's situated," he said in a Thursday interview with the local Fox affiliate in Detroit.
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"The dollar's situated [so] that businesses are going to flee our country. The dollar is set at a very, a very bad mark in terms of jobs. ... [T]he dollar is set for China and Japan and other countries to do great."
The level of the U.S. dollar relative to other floating currencies is, of course, not set but determined by market forces.
The Detroit interview follows a Politico report last month citing unnamed sources that Trump's economic advisers are debating ways to devalue the U.S. dollar if he's elected to a second term. ...
... For the remainder of the report:
https://www.marketwatch.com/story/trump-blames-strong-dollar-for-u-s-economy-going-to-hell-56d67936
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