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>>> Trump trade advisers plot dollar devaluation


Politico

By Gavin Bade

April 15, 2024


https://www.politico.com/news/2024/08/04/robert-lighthizer-trump-adviser-trade-00172530


Back in Trump’s first term, Lighthizer’s policy agenda often ran up against Wall Street allies in the administration, like Treasury Secretary Steven Mnuchin, who pushed back on Lighthizer’s more ambitious trade efforts. This time around, Trump is surrounding himself with a new crop of finance-oriented advisers, like hedge fund manager John Paulson, who is reportedly under consideration for Treasury Secretary along with Lighthizer, and would be sure to fight the former trade chief’s more ambitious policy proposals, like devaluing the U.S. dollar.

Those weak dollar policies, a former Trump official told POLITICO earlier this year, “would only happen if Bob [Lighthizer] was the Treasury secretary.”

That role is an open question, as are other economic posts in a potential second Trump administration. The former trade chief would be over 80 by 2028, when the next presidential term comes to a close. And some of those close to Lighthizer are dubious about whether Trump would tap him for the top economic job, even though he holds deep respect for the former trade chief.

The former president “likes Bob, and respects him,” said the first former Trump administration official. But “at the end of the day Trump is not going to give that [Treasury job] to Bob. He’s going to want a business person.”

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