Trump: "I Don't Like a Weak Dollar, But It Makes a Lot of Money"
U.S. President Donald Trump on Friday delivered conflicting remarks about the strength of the U.S. dollar, saying he prefers a strong currency but also praised the economic upside of a weaker one, particularly for American manufacturing.
'I'd never say I love a weak currency,' Trump told reporters as he departed for Scotland. 'I'm someone who prefers a strong dollar, but weakness makes you a lot of money.'
His comments come amid growing speculation in global markets that the Trump administration may be implicitly favoring a weaker dollar as part of its strategy to boost exports and domestic industry.
This isn't the first time Trump has sent mixed signals on currency policy. In earlier statements, he warned: 'I won't allow the dollar to fall. Losing the dollar as a reserve currency would be like losing a war.'
Yet recent moves by his administration, including aggressive tariff hikes and nationalistic trade policies—have contributed to mounting pressure on the dollar. Currency traders are closely watching for signs that the White House might be steering away from the strong-dollar policy long upheld by previous administrations.
According to The Economist, the dollar is undergoing its most significant weakness in years, driven in part by policy unpredictability under Trump's leadership. Recent tariffs, including a 50% duty on copper and a 30% levy on EU imports, have only added to market unease.
While U.S. financial markets remain broadly stable, some analysts warn that the dollar's position as the world's premier safe-haven asset may no longer be assured. Investors appear increasingly desensitized to policy shocks, with major announcements drawing more muted reactions than in previous years.
At the same time, emerging market economies have shown a growing appetite for euro-denominated bonds, reflecting a broader shift away from dollar reliance.
Trump's remarks underscore a complex challenge: balancing domestic economic gains from a weaker dollar with the long-term risks of diminished global trust in the currency. While a weaker dollar can supercharge exports and benefit manufacturers, sustained depreciation could undermine the currency's central role in global finance.
As Trump walks a fine line between nationalist economic goals and global financial stability, markets continue to brace for further volatility.
read more
CBE: Deposits in Local Currency Hit EGP 5.25 Trillion
Morocco Plans to Spend $1 Billion to Mitigate Drought Effect
Gov't Approves Final Version of State Ownership Policy Document
Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister
Qatar Agrees to Supply Germany with LNG for 15 Years
Business
Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves
Business
Suez Canal Records $704 Million, Historically Highest Monthly Revenue
Business
Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday
Business
Wheat delivery season commences on April 15
News
Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters
Arts & Culture
"Jurassic World Rebirth" Gets Streaming Date
News
China Launches Largest Ever Aircraft Carrier
Videos & Features
Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall
Lifestyle
Get to Know 2025 Eid Al Adha Prayer Times in Egypt
Arts & Culture
South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle
Business
Egyptian Pound Undervalued by 30%, Says Goldman Sachs
Sports
Get to Know 2025 WWE Evolution Results
News
"Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence"
Arts & Culture
Hawass Foundation Launches 1st Course to Teach Ancient Egyptian Language
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
See - Sada Elbalad
42 minutes ago
- See - Sada Elbalad
South Korea Seeks to Rebuild Trust with North
Israa Farhan South Korean President Lee Jae-myung has pledged to restore trust with North Korea as a critical step toward lasting peace on the Korean Peninsula. His remarks came during the appointment ceremony of new Unification Minister Chong Dong-yong, whose mission is to ease decades of hostility between Seoul and Pyongyang. President Lee emphasized that reestablishing mutual trust remains central to inter-Korean reconciliation. Minister Chong echoed this commitment, stating that a formidable wall of distrust has developed over the years of adversarial policies. Despite Seoul's efforts to lower tensions, including halting propaganda broadcasts and ending leaflet campaigns, North Korea has firmly rejected renewed dialogue. In a statement released by Kim Yo Jong, sister of North Korean leader Kim Jong Un and senior official of the ruling Workers' Party, Pyongyang dismissed South Korea's overtures as insincere. The statement accused President Lee of pursuing unification through absorption and maintaining a confrontational stance by clinging to the US-South Korea alliance. North Korea claimed there had been no substantial policy shift from the previous administration and concluded that there is no reason to return to the negotiating table. While Seoul advocates a new era of mutual goodwill, Pyongyang remains deeply skeptical of its intentions, reinforcing the continued deadlock between the two Koreas. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters Arts & Culture "Jurassic World Rebirth" Gets Streaming Date News China Launches Largest Ever Aircraft Carrier News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Egyptian Pound Undervalued by 30%, Says Goldman Sachs Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle Sports Get to Know 2025 WWE Evolution Results News "Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence"
See - Sada Elbalad
an hour ago
- See - Sada Elbalad
Spain to Air-Drop 12 Tons of Food Aid Over Gaza
Israa Farhan Spain announced on Monday its plan to air-drop 12 tons of humanitarian food aid over Gaza later this week, as famine risk escalates in the war-torn and blockaded Palestinian territory after 21 months of conflict between Israel and Hamas. Spain becomes one of the few Western nations to join Middle Eastern countries in delivering aid by air to Gaza's civilian population, which is facing a deepening humanitarian crisis. Spanish Prime Minister Pedro Sánchez, a vocal critic of Israel's military campaign in response to the Hamas attacks, stated during a press conference that the aid operation is scheduled for Friday and will be launched from Jordan using Spanish Air Force aircraft. The Spanish Ministry of Defense confirmed that the aid will follow a similar format to a previous mission in March 2024, when Spain delivered 26 tons of food supplies to Gaza by air. Sánchez emphasized the urgency of the mission, calling the famine in Gaza a stain on humanity and stressing that stopping it is a moral obligation. The planned air drop highlights growing international concern over the dire conditions in Gaza, where access to food, water, and medical supplies remains severely limited due to the prolonged conflict and blockade. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters Arts & Culture "Jurassic World Rebirth" Gets Streaming Date News China Launches Largest Ever Aircraft Carrier News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Egyptian Pound Undervalued by 30%, Says Goldman Sachs Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle Sports Get to Know 2025 WWE Evolution Results News "Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence"
See - Sada Elbalad
an hour ago
- See - Sada Elbalad
China Offers $500 Annual Childcare Subsidy to Tackle Population Decline
Israa Farhan In a bid to reverse its declining birth rate, China will now provide annual subsidies of 3,600 yuan (about $500 or €429) per child under the age of three, according to an announcement by state media on Monday. This new national policy comes as China faces a deepening demographic crisis, with the country's population shrinking for the third consecutive year. The number of births in 2024 dropped to 9.54 million, half the figure recorded in 2016, the year Beijing ended its decades-long one-child policy. The population slowdown, paired with record-low marriage rates, has sparked growing concerns over long-term economic stability. Many young couples in China are delaying or forgoing parenthood due to high living costs, career pressures, and limited family support. More than 20 provincial-level administrations have already introduced local childcare incentives. Notably, Hohhot in Inner Mongolia offers families with three or more children up to 100,000 yuan per newborn. Similarly, Shenyang in Liaoning province pays families 500 yuan monthly for a third child until the child turns three. To further encourage family growth, Sichuan province is proposing major reforms, including extending marriage leave from 5 to 25 days and maternity leave from 60 to 150 days, aiming to build what it calls a 'fertility-friendly society.' Experts say these measures are a positive signal but unlikely to reverse the trend alone. Zhiwei Zhang, chief economist at Pinpoint Asset Management, noted the move reflects China's recognition of the serious economic risks associated with low fertility. Zichun Huang of Capital Economics called the subsidy a significant milestone in direct household support but warned it's too modest to boost short-term birth rates or consumer spending. While the new subsidies may encourage some parents to consider having more children, others remain unconvinced. Wang Xue, a 36-year-old mother from Beijing, said the financial aid was not enough to influence her decision. 'Having one child is manageable, but if I had two, I might feel a bit of (financial) pressure,' she said. China's government is expected to continue exploring broader reforms to slow the population decline and sustain long-term economic vitality. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters Arts & Culture "Jurassic World Rebirth" Gets Streaming Date News China Launches Largest Ever Aircraft Carrier News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Egyptian Pound Undervalued by 30%, Says Goldman Sachs Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle Sports Get to Know 2025 WWE Evolution Results News "Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence"
