Politico: Trump Advisors Are Plotting Dollar Devaluation

Politico reports:

Economic advisers close to former President Donald Trump are actively debating ways to devalue the U.S. dollar if he’s elected to a second term — a dramatic move that could boost U.S. exports but also reignite inflation and threaten the dollar’s position as the world’s dominant currency.

The idea is being discussed by former trade chief Robert Lighthizer — a potential Treasury secretary pick for Trump and the architect of the former president’s bruising tariff campaign against China — and policy advisers allied with him.

Lighthizer — one of the few Cabinet members to survive Trump’s full first term — retains significant influence on the former president’s trade and economic policies from his post as the trade chief at the America First Policy Institute, a think tank set up to devise policies for a second Trump administration.

Read the full article.

Trump trade advisers plot dollar devaluation

“The idea is being discussed by former trade chief Robert Lighthizer” 😅https://t.co/C08raY93M6 via @politico @GavinBade

— Inu Manak (@inumanak) April 15, 2024