This might be Trump’s most inflationary, economically destructive idea yet

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Trump's policy team is reportedly scheming to devalue the U.S. dollar, with the objective of boosting U.S. exports and reducing imports. However, deliberately weakening the dollar could have disastrous consequences, including higher prices for American consumers and a potential global recession. Weakening the dollar also threatens its role as the world's reserve currency, eroding the dollar's global use and potentially making it more expensive for the U.S. government to borrow. Additionally, there is a risk of trade or currency wars with other countries. Overall, this idea is seen as one of Trump's worst and most destructive.

#DonaldTrump #UsDollar #Inflation #Economy #Exports #Imports #GlobalRecession #ReserveCurrency #TradeWars #CurrencyWars

https://www.washingtonpost.com/opinions/2024/04/16/trump-devalue-dollar-inflation-economy/