The thing is that Trump's isn't entirely wrong -- The strong dollar has contributed to the slowdown in manufacturing exports. That of course doesn't mean the Fed should start targeting the dollar rather than domestic US economic conditions.https://twitter.com/byHeatherLong/status/1201629661769424901 …
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The tariffs have raised the cost of manufacturing using inputs imported from China, and slowed business capex. But the strong dollar is main reason why exports of manufactures to the rest of the world are currently weak. Look at the trade data without China. 2/2pic.twitter.com/lFolHauhkb
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Replying to @Brad_Setser
If Trump were smarter about trade and manufacturing, he'd waive the tariffs on goods that are assembled or processed in the United States.
3:48 PM - 2 Dec 2019
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