The dollar hasn’t fallen this fast since 1973. Over the last six months, the dollar has declined more than 10 percent against the U.S.’s most prominent trading partners, bringing the value of the world’s reserve currency to a three-year low.
“Well, I’m a person that likes a strong dollar, but a weak dollar makes you a hell of a lot more money,” Trump said. “I don’t know if you study, but I study it.”
“Then I know you’re smart,” Trump said. “So, when we have a strong dollar, one thing happens—it sounds good. But you don’t do any tourism, you can’t sell tractors, you can’t sell trucks, you can’t sell anything.”
“It is good for inflation, that’s about it. But we have no inflation, we wiped out inflation,” the president noted Friday, further explaining his “strong dollar” ideology. Yet his administration did not actually eliminate inflation—it’s still a major concern, fueled in large part by Trump’s rollercoaster tariff plan.
“And it’s good psychologically, it makes you feel good,” he added.
Reporter: Why has dollar fallen so much?Trump: A weak dollar makes you a hell of a lot more money. When we have strong dollar… you don’t do any tourism pic.twitter.com/8qcWgrcqtq
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