Blaming trading partners for dollar devaluation indicates that Donald Trump have no clues or ideas about international trading. Trump blames Germany, Japan and China for dollar devaluation. It's just like Nigeria blaming South Africa or Ghana for Naira devaluation..
I am not sure if Americans are really sure that Trump was once a business man..? Are you people really sure that Trump has ever passed through college or university to study international economics? Didn't he know that the chaos and problems he caused in the United States since he took over from Obama will surely affect U.S. trade and economy. ? No wonder he messed up his business and once bankrupted.
And it will automatically affect dollar, because dollar is the only major currency for international trade.. Even the great pounds mostly uses dollar to trade. Many U.S. international airlines and companies and other international airline companies in the world recorded great lost since the Muslim ban and immigration regulation took effect.
Many travelling and tourist companies in the United States and around the world recorded lost since the chaos about Muslim ban erupted. All these are part of international trading, which eventually affects dollars, because almost all international airlines in the world uses dollars to trade.
It's hard to see pounds or Euro in some countries that don't use them as their currency, but dollar is so common in almost all countries in the world, almost all countries in the world uses dollars for international trading, and that's why i once said that anything that happens to U.S. negatively, positively or halt U.S economy from progressing will surely affect the rest of the world, because United States is the play-maker in the global market.
You will always have free access to dollars everywhere you go if you want it, but it's kind of hard to have direct access to pounds or Euro, if you aren't in the EU states or United Kingdom. You will surely fight to have Pounds or Euro except in the EU states or in the United Kingdom.
Trump should go back to 14 years ago when former President Bush started war with the middle east, this really had negative side affect on U.S. economy. The war drastically devalued dollar and eventually led to Economic recession in the United States and in the world.
Americans suffered for the war in Afghanistan, Iraq and many Americans loses their jobs and their homes due to the Bush war with the Middle East... Russia's annexation of part of Ukraine puts Russia's economy in jeopardy and it drastically devalued rubble to other foreign currency.
Any physical war or cold war always have negative effect or hurt nations economy and Trump has been trying to start a cold war with some nations like Iran, China, Mexico and Germany, because he can't stop blaming these nations for the problem in the United States..
He hasn't talked or said anything about Russia and haven't said anything bad about Russia's annexation of part of Ukraine, but always talk about U.S trading partners. I keep telling Americans to watch out for Trump, because he might be worse than Bush, he might mess up the U.S Economy badly that the citizens will severely suffer for his mess.
Trump's cooperation with countries like Germany, China, Japan and Iran would only help U.S. relation with them and with the rest of the world, and would only help U.S. economy and the world in general.. He doesn't need to start cold war with them before he can proof to the Americans that he is really doing a great job or he is a great President ... Cold war with trading partners will only jeopardise U.S. economy.
Written, edited and published by Olusola Olaniyi-Publisher at Olusola Olaniyi's Planet Blog|Mariupol State University, Ukraine.
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