MAGA Republicans are wrong to seek a cheaper dollar

It is hard to cast America as a victim of the global financial system.

Whether the dollar should be strong or weak is a vexing question for America’s economic nationalists. In his first term as president, Donald Trump often said that he wanted a weaker currency to make American-made goods cheaper overseas. But his tariffs and deficit-financed tax cuts contributed to a surge in the greenback’s value—and he also said that “ultimately” he wanted a strong currency. Today, with the dollar higher still, Mr Trump again says he wants a devaluation. And his choice of J.D. Vance as his running-mate has added another weak-dollar proponent to his inner circle.

Continue reading at The Economist.