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US Economy: Does Donald Trump eye a weak dollar?

The higher tariffs on steel and aluminum imports that US President Donald Trump announced in early March have shattered Europeans' faith in their transatlantic ally. They, and many others for that matter, are now asking just how reliable the US is in economic matters.

Donald Trump's zig-zag policy style is creating fears among partners, who have started talking about a trade war as a spiral of higher tariffs and countermeasures seems irreversible. Ahead of the Buenos Aires meeting of G20 finance ministers and central bankers, there's also fresh talk of a looming currency war which could be triggered by individual nations keeping their currencies down artificially with a view to securing a competitive edge in international trade.

As early as January, US Treasury Secretary Steven Mnuchin emphasized at the World Economic Forum in Davos, Switzerland, that a weaker dollar would be good for the US.

Read more: Does Donald Trump eye a weak dollar? | Business| Economy and finance news from a German perspective | DW | 19.03.2018

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