The dollar's decline confuses Trump. Has the countdown begun?
U.S. President Donald Trump and his team are closely monitoring the decline of the U.S. dollar during the first half of this year, as this drop could impact several aspects, from tariffs to Federal Reserve policies, all the way to the global role of the United States.
The question remains — even within Trump's team — whether the net effects of this decline could yield some short-term benefits for the president's agenda, or if it calls for strengthening the dollar at any cost.
Commerce Secretary Howard Lutnick spoke in an interview on CBS over the weekend, presenting a limited viewpoint that defends the weakness of the dollar, stating that "the decline of the dollar almost completely mitigates the impact of tariffs."
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