Donald Trump Warns Strong Dollar ‘Total Disaster’ for US Economy

Published on April 24, 2024

As the U.S. dollar reached a 34-year high against the Japanese yen on Monday, former President Donald Trump took to Truth Social to warn about the greenback’s strength against various Asian currencies. Since the COVID-19 pandemic, the U.S. dollar has been one of the strongest currencies globally as its rivals have weakened. However, while this might appear to be a positive economic development on the surface, the presumptive Republican presidential nominee has described it as a “disaster.” Writing on his social media platform, President Trump explained that he discouraged China and Japan from deflating their currencies to boost exports....

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