High Tariffs And Weak Dollar Are No Way To Make America Great Again
As we’ve noted many times, President Trump’s first year was a rousing success when it comes to economic policy. But one new troubling exception has recently emerged: The Trump administration’s advocacy of a weaker dollar and trade protection. It’s a big mistake.
What concerns us is that the pace has picked up since the start of this year, with the dollar falling more than 3% since January 1 as talk of more trade protection for the U.S. economy gathers steam. More importantly, the Trump administration has all but announced an explicit policy goal of having a weaker dollar.