The US Dollar is dipping — and guess who’s cheering? Former US President Donald Trump. Sounds odd, right? A weaker dollar? Isn’t a strong dollar the economic flex every country wants?
Not for Trump.
Here’s the deal: a strong dollar makes American goods expensive abroad. That hurts exports. Other countries think twice before buying Made-in-USA. Trump wants to flip that. He’s pushing for a weaker dollar to make American products cheaper worldwide. That means more exports, less trade deficit, and possibly more jobs back home.
Factories, employment, “Make America Great Again” — it all connects.
But wait — it’s not all economic fireworks.
A weaker dollar makes imports more expensive. That could drive up inflation in the US. Also, some global investors may start pulling out if they think the dollar’s losing its dominance. That could shake up global financial stability big time.
So where does India stand in all this?
Well, it's a bit of a love-hate story.
On the plus side: A weak dollar could make crude oil cheaper, cutting down our import bills. That’s good news for inflation, fuel prices, and even the current account deficit.
Plus, if global investors get spooked by the US, India might look like the new safe bet.
But there’s a downside too…
A weak dollar might mean a stronger rupee. And while that sounds good for your forex trip, it’s bad for Indian exports. Our products become costlier abroad, which could hurt sectors like textiles, IT services, and manufacturing.
So yes, Trump’s dream of a weaker dollar is not just an American story—it’s a global ripple effect. From Wall Street to Dalal Street, everyone’s watching.
Because in global economics, one move can shake the whole stack—Jenga-style.
