Commerce Secretary Howard Lutnick vehemently denied that the Trump administration aims to “weaken the dollar” through the newly announced tariffs, arguing that they will instead stop other countries from manipulating the dollar’s value.
Lutnick discussed the Trump administration’s “Liberation Day” tariffs on CNN Thursday, saying that the president was telling other countries to “stop manipulating the currency” of the United States. He added that doing this would result in the dollar becoming “cheaper” but also allow the U.S. to export goods more easily.
When Lutnick was pressed about whether weakening the dollar was part of the Trump administration’s strategy, the secretary said that the dollar’s value was “bolstered up” by global economies “because they were faking it.”
Trending: Pastor Who Tried to Murder Family Breaks Down in Court – Reads Entirety of Psalm 51
Host Pamela Brown then claimed that the administration’s
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!