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Donald Trump thinks that a strong dollar hurts US production. The team supported the weakening of the currency.
Greenback, Donald Trump has been depreciated against other major currencies since the inauguration ceremony in January. Investors are concerned about Trump’s tariffs can cause a recession in the United States and fled to the exit.
Is the President worried? Trump appears from two minds when it comes to the country’s currency.
The United States wants a dominant dollar for giving geopolitical arm.
However, he dips a weaker greenback US production.
Some economists say the president can devalue the dollar. The team supported the “Mar-A-Lago Accord” idea to weaken it.
BRICS countries also reduce their trust in dollars.
