Devaluating the dollar will mean cheaper domestic labour. His priority is to re-industrialise the USA,and in order to do that he needs to make the costs of running a factory comparatively cheaper than outsourcing it to the global south. Weakening the dollar is one way to do this. The trick is to not weaken it so much that the USD ceases to be the global reserve currency.
Well, I don’t think that will happen. What will probably work is a commitment to the soon-to-be-formed „sports clubs“. Marching in front of Trump might feel weird at first, but hunger makes you want to.
These people have so much money that it won't matter. They make this sacrifice for political power and in the end they will get richer because of it regardless, even if short term they have a little bit less. Also most of their money is tied up in assets which won't necessarily devalue due to this.
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u/indorock 3d ago
Devaluating the dollar will mean cheaper domestic labour. His priority is to re-industrialise the USA,and in order to do that he needs to make the costs of running a factory comparatively cheaper than outsourcing it to the global south. Weakening the dollar is one way to do this. The trick is to not weaken it so much that the USD ceases to be the global reserve currency.