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I'm unfavorably inclined toward Trump and interpret it as "actually, I meant to do that" The charitable version is based on the fact that if your dollar falls
by thomassmith65 9mo ago
I'm unfavorably inclined toward Trump and interpret it as "actually, I meant to do that"
The charitable version is based on the fact that if your dollar falls then the things you export to other nations suddenly become cheaper for them. It's like natural tariffs: imports to the USA become unaffordable; exports from the USA become a bargain to other nations.
- deleted 9mo ago[deleted]
- JohnFen 9mo agoThat "charitable version" is the same explanation Trump has been giving from through his first term as well. He's long been in favor of a weak dollar.
- thomassmith65 9mo agoHonest thanks for the context. That probably is his true preference. That said, he has also advocated the opposite. Here he is in 2018: “The dollar is going to get stronger and stronger, and ultimately I want to see a strong dollar,” Trump said in an exclusive interview from the World Economic Forum in Davos, Switzerland. http://cnbc.com/id/104968240 http://cnbc.com/id/104968240
- JohnFen 9mo agoI missed that! Thanks