On the 25th, U.S. President Trump said that he likes a strong dollar, but a weaker dollar can make more money, noting that a strong dollar cannot attract tourists to the U.S. and is not favorable for exports.
According to United Daily News, on the 25th Trump departed for a visit to Scotland, and during an interview that day he said he liked a strong dollar, but although a strong dollar sounds good, it can’t attract tourists, nor does it help to sell tow trucks or trucks—"you can’t sell anything"; Trump said that a strong dollar only benefits inflation.
Since Trump took office, the dollar has continued to weaken. According to reports, the dollar has depreciated by about 10% over the past six months.
Trump stated that a weaker dollar is beneficial to American manufacturers, and cited heavy machinery maker Caterpillar (CAT.N) as an example, pointing out that the company's stock price rose 16% last month.
Trump admitted that a weak dollar doesn’t sound good, but you can make a lot of money; Trump also emphasized that it’s a relatively weaker dollar, not a weak dollar; Trump also said a strong dollar feels good, and he too likes a strong dollar.