Both candidates on the Republican ticket have argued that the U.S. currency should be weaker to support American exports.According to The New York Times, both candidates on the Republican ticket have advocated for a weaker U.S. currency in order to support American exports. This stance is shared by Donald J. Trump and his vice-presidential nominee, Senator J.D. Vance of Ohio, who also align on issues such as trade, taxes, and a tough stance on China.

While Mr. Trump typically promotes “strong” policies, he has consistently expressed a different view when it comes to the value of the dollar. He believes that its strength has hindered American manufacturers from selling their products abroad, as buyers using weaker currencies struggle to afford them.

The U.S. dollar has been the dominant currency since World War II, with central banks holding about 60% of their foreign exchange reserves in dollars. The country has maintained a “strong dollar” policy since the 1990s, with Treasury secretaries arguing that currency values should be determined by market forces. However, Mr. Trump has criticized this approach and has accused countries like China of manipulating their currencies.

It is unclear how Mr. Trump would go about weakening the dollar, but his Treasury Department could potentially sell dollars to buy foreign currency or persuade the Federal Reserve to print more dollars. This stance has raised concerns about the potential impact on the global economy. 

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