The US's position as a prestige currency of choice certainly contributes, too. Foreign savers really want dollar safety, so the US has a net capital outflow in

The US's position as a prestige currency of choice certainly contributes, too. Foreign savers really want dollar safety, so the US has a net capital outflow in the form of Treasuries, which means it must take a net inflow of goods and services. The end result is that American consumers pay less than they should for goods, all because other governments can't or won't provide the safe assets that their citizens desire. These low consumer goods prices are definitely not good for domestic manufacturers.