US Edition
Trump Says Strong Dollar Is Preferred but Weaker Dollar Boosts Earnings
- On July 25, President Donald Trump expressed support for a comparatively lower U.S. dollar during remarks at the White House before his departure for Scotland.
- Trump argued that while a strong dollar 'makes you feel good,' a weaker dollar benefits American manufacturers by boosting export competitiveness.
- He cited Caterpillar, whose shares rose 16 percent over the last month, as an example of companies benefiting from the weaker dollar amid a 10 percent dollar decline.
- Trump stated that a lower dollar value can significantly increase earnings, although experts caution that ongoing inflation and rising costs may continue to negatively impact American consumers.
- This exchange reflects ongoing debates over the dollar's value, with some seeing export gains while others express concerns about inflation and long-term economic stability.
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30 Articles
30 Articles
First, US President Donald Trump explains that the dollar price must not slip, only to highlight the benefits of a weak dollar a week later.
·Berlin, Germany
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The dollar is closing its worst week in July, as President Donald Trump intensifies his calls to cut interest rates in the face of the impending deadline for trade deals. American currency has weakened by about 0.6% since Monday in front of a currency basket, leading to a two-week rebound. This adds to a difficult year in which it has lost 8.5% by various factors, from Trump’s trade war to its repeated attacks on Federal Reserve President Jerome…
Coverage Details
Total News Sources30
Leaning Left6Leaning Right3Center10Last UpdatedBias Distribution53% Center
Bias Distribution
- 53% of the sources are Center
53% Center
L 32%
C 53%
R 16%
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