How a weaker dollar is quietly making life more expensive
The dollar’s 10% slide since Trump returned to office is making imports costlier and squeezing smaller firms, economists said.
- The dollar has fallen about 10% against major currencies since President Donald Trump returned to the White House, a decline potentially affecting Americans' affordability and consumer prices.
- Trump has consistently favored a weaker dollar, claiming it benefits American industry, while Harvard University economist Kenneth Rogoff notes the currency was "wildly overvalued" after a 15-year bull run.
- While multinational companies report "favorable currency impact" on earnings, smaller businesses face rising costs; LobsterBoys founder Travis Madeira notes the weak dollar increases expenses for imported bait.
- Currency fluctuations contribute to rising grocery prices, with coffee costs up nearly 19% in the past year; Brazil is the primary source, and the dollar's drop adds pressure to consumer wallets.
- Harvard University economist Kenneth Rogoff warns commodity prices will likely rise, particularly due to fuel costs, stating "They're just going to go up" regardless of the dollar's specific value.
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91 Articles
The value of the U.S. dollar has weakened since Trump took office. Experts say that can be a 'hidden tax'
President Donald Trump has openly supported a weaker dollar, arguing it helps American industry, and some executives agree, saying it's boosted overseas business.
The dollar has fallen about 10 percent against other major currencies since President Donald Trump returned to the White House.
How a weaker dollar is quietly making life more expensive for Americans
A declining U.S. dollar, down approximately 10% since Donald Trump's return to the White House, is quietly increasing the cost of everyday life for Americans. This weakening currency shrinks purchasing power, making imported goods and foreign travel more expensive, while benefiting large ...
The dollar has fallen 10% under Trump. It helps big multinational companies, but is a 'hidden tax' raising costs from vacations to groceries
A hidden force is quietly pushing up costs for everything from your summer vacation to your weekly grocery bills: a weaker U.S. dollar. The dollar has fallen about 10% against other major currencies since President Donald Trump returned to the White House, a pullback potentially playing a role in Americans’ concerns about affordability. “It’s kind of a hidden tax,” says economist Thomas Savidge of the conservative-leaning American Institute for …
New York.—A hidden force is quietly raising the costs of everything in the United States, from its summer vacation to the weekly supermarket account: a weaker US dollar. The dollar has fallen by about 10% against other major currencies since President Donald Trump returned to the White House, a setback that potentially influences Americans’ concern about the cost of living. “It’s kind of a hidden tax,” said conservative economist Thomas Savidge …
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