Trump expressed a preference for a weaker dollar on Friday, stating that while a strong dollar may sound good, it negatively impacts tourism and U.S. exports. He indicated that manufacturers would benefit from a weaker dollar and referenced the success of Caterpillar's stock. U.S. dollar strength has declined about 10% since he took office. He acknowledged that promoting a weaker dollar may not be well received but stressed its economic advantages.
Trump stated, "So when we have a strong dollar, one thing happens: It sounds good. But you don't do any tourism. You can't sell tractors, you can't sell trucks, you can't sell anything."
He emphasized, "Now it doesn't sound good, but you make a hell of a lot more money with a weaker dollar - not a weak dollar but a weaker dollar - than you do with a strong dollar."
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