VIDEO:  Caroline Leavitt Looks All Clueless as Trump Says Weak Dollar Earning Lot of Money For U.S - video Dailymotion

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Donald Trump made a futile attempt at defending a falling Dollar while gaggling with the Press before travelling to Scotland for a meeting with UK PM Keir Starmer. Trump said that a 'Weak Dollar earns a lot more money than a strong dollar' and compared the U.S with Japan and China. This baffling statement by Trump left even White House Press Secretary Karoline Leavitt looking clueless and the reporters perplexed. What the economy lessons by Trump.     #Trump #WeakDollar #USPolitics #TrumpGaffe #CarolineLeavitt #TrumpVsEconomy #EconomicPolicy #DollarDrop #TrumpPressGaggle #TrumpFailsAgain #Forex #USDEconomy #TrumpViral #PoliticalDrama #CurrencyCrash #GlobalMarkets #TrumpSpeech #TrumpUKVisit #KeirStarmer #MarketConfusion #TrumpMoment #FinanceNews #BreakingNews #WhiteHousePress #TrumpSaysWhat #FiscalPolicy #TrumpLogic #BizarreStatement #TrumpEconomics #CluelessLeadership  Also Read  Trump Reaches Silver Jubilee of India-Pak Ceasefire Claim, PM Totally Quiet: Cong :: https://www.oneindia.com/international/trump-reaches-silver-jubilee-of-india-pak-ceasefire-claim-pm-totally-quiet-cong-7807665.html?ref=DMDesc  Trump Accuses Obama Of 'Treason,' Without Providing Evidence :: https://www.oneindia.com/international/trump-accuses-obama-of-treason-without-providing-evidence-7807491.html?ref=DMDesc  Trump Announces Japan Trade Deal With 15% Tariff On Imports :: https://www.oneindia.com/international/trump-announces-japan-trade-deal-with-15-tariff-on-imports-7807489.html?ref=DMDesc

Transcript

00:00Why is the dollar falling so much, and are you concerned about that?

00:05Well, you know, I'm a person that likes a strong dollar,

00:09but a weak dollar makes you a hell of a lot more money.

00:12I hate to tell you.

00:13I don't know if you study it, but I study it.

00:15And if you look at the yen, and it —

00:17I went to 10 and work, so I know this.

00:19You understand?

00:20Absolutely.

00:21Oh, you did go to 10?

00:22I went to work, yes, sir.

00:23Well, that means you're a smarter guy than I even thought,

00:25and I know you're smart.

00:27So when we have a strong dollar, one thing happens.

00:32It sounds good.

00:33But you don't do any tourism.

00:35You can't sell crackers.

00:37You can't sell crops.

00:38You can't sell anything.

00:40It is good for inflation.

00:42That's about it.

00:43And we have no inflation.

00:44We've wiped out inflation.

00:46But it's an interesting question.

00:48So I will never say I like a low currency,

00:51but you remember the battles I had with the yuan,

00:54with China and with Japan.

00:56Japan being the yen.

00:58They always wanted a weak currency.

01:00They're trying to get a weak currency now.

01:02Now, it doesn't sound good,

01:05but you make a hell of a lot more money with a weaker dollar —

01:08not a weak dollar, but a weaker dollar —

01:10than you do with a strong dollar.

01:11And the first thing — people that are going to notice it

01:14are the manufacturers of crops and various other things.

01:17Like, look at Caterpillar, how well they're doing now.

01:19When you have a strong dollar, you can't sell anything.

01:22It's only good for inflation.

01:24And it's good psychologically.

01:25It makes you feel good.

01:27But with that being said, I love strong dollars.

01:30But you make your money with a currency.

01:32And I had so many different fights with President Xi,

01:36with — I mean, between Japan and China.

01:39All they want to do is have a weak currency.

01:41They're always fighting for a weak currency.

01:43And that's how they really dominated over the years.

01:46So when I see it down there, I don't lose sleep over it.

01:49Let's put it that way.

01:50In fact, sometimes they go to sleep very happy.

01:53You understand.

01:54Do you agree with that?

01:56I agree with a lot of what you said, Mr. President.

01:59Do you think it makes it any easier to impose your tariff

02:03with that smaller dollar?

02:05Because the —

02:06I think it makes it easier even for tariffs, yeah.

02:09And it makes the tariffs worth much more.

02:12And it's easier to pay off debt.

02:15And it's easier to get a low interest rate, too.

02:18There are a lot of good things.

02:19It's hard to explain to people the headline.

02:21We go, oh, Trump wants a weak dollar.

02:23It's not a weak dollar.

02:24We — you take a look at the history of China over the last 20 years.

02:30All they do is fight for a weak currency.

02:33Look at Japan when they were really doing well.

02:35They had a very weak currency.

02:37So, to me, I just say thank you very much.

02:41It is —

VIDEO: Caroline Leavitt Looks All Clueless as Trump Says Weak Dollar Earning Lot of Money For U.S

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