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Published on Gold Anti-Trust Action Committee (http://www.gata.org)

Trump team at Davos backs weaker dollar, sharpens trade war talk

By cpowell
Created 2018-01-24 12:39

By Enda Curran and Jan Dahinten
Bloomberg News
Wednesday, January 24, 2018

President Donald Trump's top economic advisers set the stage for the rollout of his "America First" manifesto on the world stage.

A day before Trump's scheduled arrival in the Swiss ski resort of Davos for the World Economic Forum's annual meeting, Treasury Secretary Steven Mnuchin endorsed the dollar's decline as a benefit to the American economy and Commerce Secretary Wilbur Ross said the U.S. would fight harder to protect its exporters.

"Obviously a weaker dollar is good for us as it relates to trade and opportunities,” Mnuchin told reporters in Davos. The currency's short term value is "not a concern of ours at all,” he said.

"Longer term, the strength of the dollar is a reflection of the strength of the U.S. economy and the fact that it is and will continue to be the primary currency in terms of the reserve currency," he said. ...

... For the remainder of the report:

https://www.bloomberg.com/news/articles/2018-01-24/mnuchin-says-weaker-d... [1]



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