Trump: Mnuchin's remark on weaker dollar 'taken out of context'
Source: Politico
By CRISTIANO LIMA 01/25/2018 02:45 PM EST
President Donald Trump said on Thursday that Treasury Secretary Steven Mnuchins comments had been taken out of context when he contended that a weaker dollar would boost U.S. trade efforts, adding that he expected to see the U.S. currency get stronger and stronger.
I think they were taken out of context, because I read his exact statement, Trump told CNBC in Davos, Switzerland, according to excerpts of an interview set to air on Friday. The president added that the dollars value should also be based on the strength of the country.
Mnuchin broke with long-standing tradition on Wednesday during a panel at the World Economic Forum in Davos when he told reporters that he would welcome a weaker dollar.
Obviously, a weaker dollar is good for us as it relates to trade and opportunities, Mnuchin said, adding that recent declines in the value of the dollar relative to other currencies were not a concern of ours at all.
Read more: https://www.politico.com/story/2018/01/25/trump-mnuchin-weaker-dollar-trade-369449
Link to tweet
sinkingfeeling
(51,498 posts)elleng
(131,410 posts)Wellstone ruled
(34,661 posts)we are witness to another Trump Sh*t show with a cast of characters from hell. Lot's of Headlines to be written,but in the end,you can not fix the Stupid.
Sophia4
(3,515 posts)I have no opinion about the value of the dollar, but I understand why Mnuchin said what he did.
Guy Whitey Corngood
(26,514 posts)sit there with this illiterate moron and pretend like he knows what the fuck he's talking about. Go back to basics ask him what terms, pieces of legislation, etc. etc actually mean. I guaran-damn-tee you he'll sit there like the fucking dope he is. Not knowing what to say.
Yonnie3
(17,516 posts)tRump is an expert at "out of context."
TeamPooka
(24,303 posts)progree
(10,948 posts)against a basket of foreign currencies:
January 20, 2017: 100.81 (inaugural day)
January 25, 2018 close: 89.46
https://www.marketwatch.com/investing/index/DXY/historical
So how does Ding Dong explain that? Is Ding Dong even aware of that?
He says it's going to get "stronger and stronger". Does he mean all the way back up to Obama era levels? LOL