Elections
Trump Wants a Weaker Dollar But Wall Street Doubts He’ll Get One
- Tax-cut and tariff plans are seen as likely to boost greenback
- Trump may rope in Fed, US allies to help meet currency goals
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Donald Trump wants to be a weak-dollar president. But he’s running on a strong-dollar platform.
That’s the prevailing view of Wall Street economists who’ve run the numbers on Trump’s second-term plans. Tariffs on US trade partners, and tax cuts that could push inflation and interest rates higher, add up to a mix that would encourage the greenback to rise, they reckon – all else being equal.