Needed: A New National Export Policy
The Donald Trump administration aims to lower imports in order to rebalance, after decades of neglecting economic relationships around the world. Doing so should not only be done by applying the stick of import reductions, but also by having as its second major claw of strength and refinement the principal tool of export promotion.
Exports make a firm’s markets grow and change its home nation’s currency value. When U.S. exports increase, the U.S. dollar typically goes up in value. Shrinking exports tend to weaken the dollar. Exports also shape public opinion of globalization and offer the opportunity ...
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