Trump needs a weak dollar.He must devalue the dollar so USA exports can compete better overseas.
USA has been running a huge deficit since Bill Clinton NAFTA and other sorry trade arrangements.
China and other countries have been deflating their currencies to gain advantage in trade.
Trump needs to retaliate now.
Free market in currencies.
Either force competitors to let their currencies inflate or USA will deflate the US$.
Get USA factories working to provide jobs making exports again.
Quit importing so much junk.
Learn to make high quality American products for Americans.
Graph below on how bad Clinton Bush Obama deficits have been after Clinton got the deficit snowball rolling downhill.
The 2008 crash stopped some imports but more remains.
I think money laundering is involved with a lot of this, and illegal drug imports are not counted so the situation is worse than it appears.
Ken Rogoff plan to eliminate the 100 $ bill may help but is not well thought out.
This could be good or bad. Maybe Trump is finally starting to think about what MONEY actually is or was. A little late, but better late than never.
OMG Trump Called a General at 3 A.M. to Ask if the U.S. Should Have a Strong or Weak Dollar Policy
The Huffington Post reports:
President Donald Trump was confused about the dollar: Was it a strong one that’s good for the economy? Or a weak one?
So he made a call ― except not to any of the business leaders Trump brought into his administration or even to an old friend from his days in real estate. Instead, he called his national security adviser, retired Lt. Gen. Mike Flynn, according to two sources familiar with Flynn’s accounts of the incident.
Flynn has a long record in counterintelligence but not in macroeconomics. And he told Trump he didn’t know, that it wasn’t his area of expertise, that, perhaps, Trump should ask an economist instead.
Trump was not thrilled with that response ― but that may have been a function of the time of day. Trump had placed the call at 3 a.m., according to one of Flynn’s retellings ― although neither the White House nor Flynn’s office responded to requests for confirmation about that detail.