The benefit of lowering the US dollar and its positive impact on the US economy and industries in the face of industries
The US dollar faces stiff competition from a number of currencies, but none rivals the dollar’s influence as a major force in the global economy. In recent years, China has emerged as a major economic power, leading to calls for a weaker dollar to boost US competitiveness. This article focuses on the benefits of a weaker dollar and how it could positively impact the US economy and industries in the context of competition with China.