Volume 52, March/April 2017, Number 2 · pp. 119-120
Letter from America
Does Trump Really Want a Strong Dollar?
Economic policy coherence would not appear to be one of Donald Trump’s strong suits, especially insofar as US dollar policy is concerned. In championing his “America First” policy, President Trump has repeatedly railed against countries for currency manipulation and has endlessly complained about the large US trade deficit. Yet, at the same time, he has been vigorously proposing both a highly expansionary US budget policy and a protectionist trade policy that would more than likely lead to further dollar strengthening and to a marked worsening in the US trade balance.
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