Secretary Yellen dismisses Trump's view that a strong dollar will hit the US manufacturing industry
2024/7/29 0:23 JST (some excerpts)
When evaluating the impact of a strong dollar, it is necessary to consider it in a broader context
The decline in employment in the US manufacturing industry has a greater impact on productivity improvement than trade
Former US President Trump is of the opinion that a strong dollar is hurting American manufacturers, but Treasury Secretary Yellen believes that it is not that simple.
In an interview conducted by Bloomberg News on the 26th, Secretary Yellen pointed out that when evaluating the impact of a strong dollar, it is necessary to consider it in a broader context. They expressed the idea that the impact of international trade on employment in the rice manufacturing industry is not that big.
When evaluating the impact of a strong dollar, it is necessary to consider it in a broader context
The decline in employment in the US manufacturing industry has a greater impact on productivity improvement than trade
Former US President Trump is of the opinion that a strong dollar is hurting American manufacturers, but Treasury Secretary Yellen believes that it is not that simple.
In an interview conducted by Bloomberg News on the 26th, Secretary Yellen pointed out that when evaluating the impact of a strong dollar, it is necessary to consider it in a broader context. They expressed the idea that the impact of international trade on employment in the rice manufacturing industry is not that big.
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