welcome
Washington Examiner

Washington Examiner

Business

Business & Economics

Trump shrugs at falling dollar

Washington Examiner
Summary
Nutrition label

77% Informative

Trump has long favored a weakened dollar based on comments made during his first administration and on the campaign trail.

In Trump ’s view, a weaker dollar makes American exports more competitive.

The higher tariffs caused a sell-off of U.S. dollars.

The Dow Jones fell 1,700 points while the S&P 500 dropped 10% over two days .

Trump attempted to calm the waters after the market whiplash.

Most economists and investors aren’t buying Trump ’s gripes.

Supporters paint a rosy picture of the American future, such as Oren Cass of American Compass.

However, skeptics worry that Trump 's decisions will shake the economy.

A weaker dollar, combined with increased investment, would increase the trade deficit.