Seems like they want to fix the balance of trade with the rest of the world, which may be a laudable aim, but there's a reason it's so skewed: The dollar.

You can't print all the global reserve currency that the world needs and supply the world with money while also having a balanced trade sheet. The world is taking your money, your promises to pay, and giving you consumer products in return.

If you want to give them consumer products in return instead, then they no longer take your money, and the world has to find something new to trade among themselves other than dollars because they no longer have dollars.

Perhaps it really is time to destroy the petrodollar as the world reserve currency. Would likely be good for American workers to do that.

But this seems a somewhat chaotic method to pick.