Dominguez on the increasing value of foreign currency | Gerald R. Ford School of Public Policy

Dominguez on the increasing value of foreign currency

March 20, 2025 Marketplace

As the economy prepares for the Trump administration's proposed tariff plan, U.S. goods are becoming less competitive than those from foreign countries. Speaking with Marketplace, the Ford School's Kathryn Dominguez claims this isn't the only challenge the U.S. is experiencing because of tariffs. "We’ve actually been buying more imports, therefore needing more foreign currency, therefore driving up the value of foreign currency relative to the dollar,” Dominguez noted.