Trump: Mnuchin's remark on weaker dollar 'taken out of context'

[DonViejo]

Source: Politico



By CRISTIANO LIMA 01/25/2018 02:45 PM EST

President Donald Trump said on Thursday that Treasury Secretary Steven Mnuchin’s comments had been “taken out of context” when he contended that a “weaker dollar” would boost U.S. trade efforts, adding that he expected to see the U.S. currency get “stronger and stronger.”

“I think they were taken out of context, because I read his exact statement,” Trump told CNBC in Davos, Switzerland, according to excerpts of an interview set to air on Friday. The president added that the dollar’s value “should also be based on the strength of the country.”

Mnuchin broke with long-standing tradition on Wednesday during a panel at the World Economic Forum in Davos when he told reporters that he would welcome a weaker dollar.

“Obviously, a weaker dollar is good for us as it relates to trade and opportunities,” Mnuchin said, adding that recent declines in the value of the dollar relative to other currencies were “not a concern of ours at all.”

Read more: https://www.politico.com/story/2018/01/25/trump-mnuchin-weaker-dollar-trade-369449

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Link to tweet

[sinkingfeeling]

1. Sure because there's no audio nor video.

[elleng]

2. Right, every damn thing they say is 'taken out of context.'

[Wellstone ruled]

3. Hey folks,

we are witness to another Trump Sh*t show with a cast of characters from hell. Lot's of Headlines to be written,but in the end,you can not fix the Stupid.

[Sophia4]

4. Trump really, really, really, really is an idiot.

I have no opinion about the value of the dollar, but I understand why Mnuchin said what he did.

[Guy Whitey Corngood]

5. Can somebody please ask him what a "strong" or "weak" dollar even mean? This is the problem. People

sit there with this illiterate moron and pretend like he knows what the fuck he's talking about. Go back to basics ask him what terms, pieces of legislation, etc. etc actually mean. I guaran-damn-tee you he'll sit there like the fucking dope he is. Not knowing what to say.

[Yonnie3]

6. Could be true!

tRump is an expert at "out of context."

[TeamPooka]

7. Idiots are running the asylum.

[progree]

8. Ding Dong is a strong dollar man, but it has fallen 11.26% during his regime

against a basket of foreign currencies:

January 20, 2017: 100.81 (inaugural day)
January 25, 2018 close: 89.46

https://www.marketwatch.com/investing/index/DXY/historical

So how does Ding Dong explain that? Is Ding Dong even aware of that?

He says it's going to get "stronger and stronger". Does he mean all the way back up to Obama era levels? LOL