Trump: I can make the dollar go up or down like a yo-yo.
The US dollar has fallen to its weakest level since early 2022, but Trump insisted he was comfortable with the decline: "I think it's great. Look at the amount of business we're doing. The dollar is doing very well."
Speaking to reporters in Iowa, he added, "I can make the dollar go up or down like a yo-yo," indicating that he wants "the dollar to find its natural level, and that's the fair thing."
He addressed the devaluation practices of China and Japan: "It was hard to compete when they devalued their currencies, but they always wanted to get our dollars."
He continued, "I was always fighting with them because they always wanted to devalue the yen and the yuan. And I would say, 'That's unfair.' They devalue because it's hard to compete when they devalue their currencies."
