Trump Sends Mixed Signals on Dollar Policy

According to ChainCatcher, citing Jinshi News, Trump sent mixed signals regarding U.S. dollar policy on Friday. On one hand, he emphasized that he would "never support a weak dollar," while on the other, he spoke at length about the economic benefits that a lower exchange rate brings to American manufacturing.

"I would never say I like a low exchange rate. I'm the kind of person who likes a strong dollar, but a weak dollar lets you make more money." These remarks come at a time when the foreign exchange market is widely speculating that his administration is actively seeking a weaker dollar.

When asked whether he was concerned about the continued decline of the dollar, Trump responded, "I'm someone who likes a strong dollar," but quickly added, "I'm not going to lose sleep over it." Trump also specifically mentioned that manufacturing companies are benefiting from a weak dollar. "A strong dollar has one consequence—it looks good, but no one comes to visit, you can't sell factories, trucks, you can't sell anything. A strong dollar is only good for controlling inflation, and that's it. And we don't have inflation at all; we've already eliminated inflation."