The candidate for the presidency of the United States, Donald Trump, and his future vice president-elect JD Vance, plan to weaken the national American currency after winning the election. The newspaper concluded New York Times (NYT).
“(Dollar – editor’s note) strength… has made it harder for American manufacturers to sell their products abroad to buyers using weaker currencies. That’s because their currency is worth far less than the dollars they need to make those purchases,” the publication explains Trump’s position.
JD Vance spoke in a similar vein, noting that despite the strong dollar’s “sacred cow” status for Washington, the current financial system has more disadvantages than advantages.
The NYT writes that it is not yet clear how exactly Trump wants to weaken the dollar. The assumption is that the US could start printing more dollars, use them to buy foreign currencies or persuade other countries to strengthen their own currencies under the threat of tariffs from the US.
Before that JD Vance stated In an interview with Fox News, he said Trump promised to hold talks with Russia and Ukraine to quickly resolve the Ukraine conflict. Vance explained that after that, the US can focus on the real problem, China.
Previously reportedHe said Elon Musk would donate tens of millions of dollars a month to the Trump campaign.