In an interview with The Wall Street Journal on Wednesday, President Trump declared the U.S. dollar is "getting too strong." "[P]artially that's my fault because people have confidence in me," Trump said. "But that's hurting — that will hurt ultimately."
He continued: "Look, there's some very good things about a strong dollar, but usually speaking the best thing about it is that it sounds good." The president also said he'd rather the Federal Reserve "keep interest rates low," The Wall Street Journal reported.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
The Wall Street Journal reported Trump changed his mind on China because the country "hasn't been manipulating its currency for months and because [labeling China a currency manipulator] now could jeopardize his talks with Beijing on confronting the threat of North Korea."
-
Jonathan Powell: who is the man behind Keir Starmer's foreign policy?Today's Big Question Prime minister's national security adviser is a 'world-class operator'
-
Summer sipping: the best fruit beersThe Week Recommends Check out these delightfully refreshing sweet and sour brews
-
How Putin misunderstood his past victoriesIn Depth Though Vladimir Putin has led Russia to a number of grisly military triumphs, they may have misled him when planning the invasion of Ukraine
-
Trump said to seek government stake in IntelSpeed Read The president and Intel CEO Lip-Bu Tan reportedly discussed the proposal at a recent meeting
-
US to take 15% cut of AI chip sales to ChinaSpeed Read Nvidia and AMD will pay the Trump administration 15% of their revenue from selling artificial intelligence chips to China
-
NFL gets ESPN stake in deal with DisneySpeed Read The deal gives the NFL a 10% stake in Disney's ESPN sports empire and gives ESPN ownership of NFL Network
-
Samsung to make Tesla chips in $16.5B dealSpeed Read Tesla has signed a deal to get its next-generation chips from Samsung
-
FCC greenlights $8B Paramount-Skydance mergerSpeed Read The Federal Communications Commission will allow Paramount to merge with the Hollywood studio Skydance
-
Tesla reports plummeting profitsSpeed Read The company may soon face more problems with the expiration of federal electric vehicle tax credits
-
Dollar faces historic slump as stocks hit new highSpeed Read While stocks have recovered post-Trump tariffs, the dollar has weakened more than 10% this year
-
Economists fear US inflation data less reliablespeed read The Labor Department is collecting less data for its consumer price index due to staffing shortages
