Trump Keeps Accidentally Igniting Dollar With His Trade War
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Donald Trump
Photographer: Andrew Harrer/BloombergThis article is for subscribers only.
No wonder he’s frustrated: Donald Trump’s intensifying battle with China and other major trading partners is morphing into a global currency war, and it will be hard for him to win both.
The president once again bemoaned dollar strength on Thursday, saying in a tweet he wasn’t thrilled with it and calling on policy makers to slash interest rates. Yet the trade tensions he has stoked have supported the currency this year.