Trump's not happy & # 39; to the rise of the dollar .. Why?

"The high interest rates of the Federal Reserve relative to other countries keeps the dollar high, which complicates the competition of US manufacturers on an equal footing," Trump said. a series of tweets.

The strength of the US dollar would hamper exports of US goods and services, as well as a worsening US trade deficit of US $ 621 billion in 2018.

Trump says that if the dollar becomes cheaper, foreign consumers would prefer to buy American products, which would increase production and reduce the foreign trade deficit.

According to Bloomberg, a senior administration official said Trump thought the dollar's exchange rate is currently too high, a sign that the US president has abandoned the strong dollar policy that his predecessors retain in power.