Donald Trump defends strong US dollar as tool against inflation

Donald Trump has defended the strength of the US dollar, characterizing it as a sign of American economic prosperity and a primary tool for controlling inflation. While acknowledging that a strong currency can potentially slow economic growth by making US exports more expensive and impacting multinational earnings, he maintains that its ability to lower import costs serves as a vital check against inflationary pressures.

Trump also linked the stability of the dollar to global energy flows, specifically noting the continued passage of millions of barrels of oil through the Strait of Hormuz. He suggested that maintaining these oil supply levels helps limit upward pressure on energy prices, thereby indirectly supporting the argument for a strong currency.