Reports indicate that advisers to Donald Trump, including former trade chief Robert Lighthizer, are considering strategies to devalue the U.S. dollar as part of his trade policy if he wins the upcoming presidential election in November. This approach, discussed in an article by Gavin Bade, could potentially conflict with policies favored by a Wall-Street-friendly Treasury Department. Critics argue that a deliberate devaluation could increase costs for American consumers and destabilize the global economy.
CTA Vice President of International Trade @EdBRZA sheds light on the Biden administration's alarming move away from traditional American trade policy in his latest op-ed for @Fortune. Read the full op-ed here: https://t.co/aEiEtLsv4V
Trump trade advisers plot dollar devaluation https://t.co/muoJe85V1L
"In the 'China Shock 2.0' narrative, not only is China a security threat and a low-end factory competitor, but it is also angling to swamp the West with cut-rate high-tech goods. There has been less focus* on the downsides of such a strategy for China itself." *No focus. https://t.co/Tx18kLGzST
Trump is reportedly plotting to deliberately devalue the U.S. dollar. If successful, this would raise costs for American consumers, and potentially tank the global economy. Remind me again why voters think Trump would be better on inflation & the economy? https://t.co/DoLzEbrHyj
"America is mirroring China’s tech protectionism and reversing decades of free trade doctrine—here’s why that’s bad news for U.S. leadership," @EdBRZA writes in a new commentary. https://t.co/p56SxiHDv9
Donald Trump’s key advisers are reportedly plotting new ways to devalue the U.S. currency if he wins the presidential election in November. https://t.co/sWYFR76EAY
1/5 Interesting article by Gavin Bade on the role of dollar devaluation in US trade. Among other things it touches on potential policy differences between a Wall-Street-friendly Treasury Department and one friendlier to American businesses and workers. https://t.co/ClEeiJxED1 https://t.co/5BMl8Kvh7n
Trump trade advisers plot dollar devaluation "The idea is being discussed by former trade chief Robert Lighthizer" 😅 https://t.co/C08raY93M6 via @politico @GavinBade
Trump trade advisers plot dollar devaluation https://t.co/utcQ9Tjhw9 via @politico
Trump trade advisers are reportedly plotting dollar devaluation. Remind me again why most people people assume Trump would be better on inflation? https://t.co/kB30gcr3YE
Devaluing the dollar: Trump’s next trade war? https://t.co/AsPhcyS8QY