White House trade adviser Peter Navarro presented Donald Trump with ideas on how to devalue the U.S. dollar to gain an upper hand in the trade fight with China
White House trade adviser Peter Navarro presented President Donald Trump on Tuesday with ideas on how to devalue the United States dollar to gain an upper hand in the trade fight with China, two people familiar with the presentation said.
The meeting included many of Trump’s senior trade team, including Treasury Secretary Steven Mnuchin, National Economic Council Director Larry Kudlow and U.S. Trade Representative Robert Lighthizer. And it followed rampant speculation on Wall Street that the administration might intervene to drive the dollar lower.Sign Up
Trump has also alleged that China and Europe, historically an economic ally, are keeping their currencies artificially low to boost exports.
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