Donald Trump’s latest pronouncements about the damage to the US from an overly strong dollar have rekindled a familiar conversation: can he weaken the world’s dominant reserve currency?
The short answer is no, or at least not without trashing the economy along the way. The long answer is that he might not have to, anyway.
The issue of dollar policy has bubbled up again because of an interview that Trump gave to Bloomberg as part of his campaign to regain the White House. “We have currency problems, as you know. Currency,” he said in a wide-ranging discussion of policy priorities for a second term in office.
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