Trump's Obsession with weakening the dollar feeds inflation:
Trump is obsessed with lowering the dollar's value. The dollar index plunged 1.3 percent last Tuesday as a result of administration policies. In an appearance the same day in Urbandale, Iowa, President Trump said the dollar's declining exchange rate was "great."A weaker dollar will eventually translate into increased prices on imported goods adding to inflation. He inherited a 3% inflation rate, currently 2.7%. Prices now are going up. Imported goods are adding an average contribution of 1-2% as a direct result of tariffs and the weakening of the dollar.
Trump's manufacturing boom. As usual Trump's claims are incorrect. Manufacturing which was rising 2023-2024 is currently declining. Manufacturing employment is declining. Part of the problem, Trump's attempt to kill the electric car. He claims 18 trillion dollars in foreign investment in one year.
The real number. One trillion a quarter under Biden with a tiny increase under Trump is closer to four trillion not the inflated number Trump repeatedly claims.
The weakened dollar will soon translate into higher prices for all Americans. Trump campaigned on affordability and bringing down costs though he now claims affordability is a Democratic hoax. With every action it appears that he is making things worse. Why?
Well, when you people your administration with unqualified yes men and women and demand that you work from his inflated numbers, you reap what you sow.