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Trump Gets Warning About Weak Dollar

The Washington Post

President Trump won his election as a straight-talking truth teller from outside the political establishment. Now, less than three months after taking office, he is reversing himself on some major questions about the American economy.

In an interview with the Wall Street Journal published Wednesday, Trump said he wanted to reopen the Export Import Bank — an obscure agency despised by his party’s conservative faction — and that he would not formally accuse China of manipulating its currency, reversing positions he held during the campaign.

Yet Steven Moore, one of Trump’s economic advisers during the campaign, said he was not concerned about Trump’s latest flip-flops. Few ordinary voters feel strongly about the Export Import Bank, and Trump’s rhetoric on China will probably satisfy most of his supporters with or without the label of a currency manipulator.

According to Moore, a greater risk for Trump is whether he can fulfill the promises for which he is best known — building a wall on the Mexican border, reducing taxes and undoing President Barack Obama’s health-care law, known as Obamacare.

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