How to devalue the dollar (a guide for Trump)

Quick Summary:

Indeed, Trump has vowed 100 per cent tariffs on countries that shun the dollar in international trade.

Absent the inflationary cost and given domestic deleveraging policies in Europe and China, the bar is arguably higher for them to agree to coordinated dollar depreciation.

Throw in trade tariffs at a time when the unemployment rate is only at 4.1%, and he won’t get a weaker dollar, any more than Ronald Reagan was able to, in the first half of the 1980s.

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Article Details

Author / Journalist: Robin Wigglesworth

Category: MarketsFinanceInvesting

Markets: United StatesChina

Topics: Demand Fiscal Domestic Dollar Given Trump’s Economic Trump Currency Policy Isn’t

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-06 @ 14:05:23 (12 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 2260 words

Reading Time: 13 minutes read

Sentences: 20 lines

Sentence Length: 113 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 23448436

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About Financial Times

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

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News Last Updated: 12 hours ago

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