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Reports indicate that advisers to Donald Trump, including former trade chief Robert Lighthizer, are considering strategies to devalue the U.S. dollar as part of his trade policy if he wins the upcoming presidential election in November. This approach, discussed in an article by Gavin Bade, could potentially conflict with policies favored by a Wall-Street-friendly Treasury Department. Critics argue that a deliberate devaluation could increase costs for American consumers and destabilize the global economy.
CTA Vice President of International Trade @EdBRZA sheds light on the Biden administration's alarming move away from traditional American trade policy in his latest op-ed for @Fortune. Read the full op-ed here: https://t.co/aEiEtLsv4V
Trump trade advisers plot dollar devaluation https://t.co/muoJe85V1L
"In the 'China Shock 2.0' narrative, not only is China a security threat and a low-end factory competitor, but it is also angling to swamp the West with cut-rate high-tech goods. There has been less focus* on the downsides of such a strategy for China itself." *No focus. https://t.co/Tx18kLGzST
