Strong US Dollar Suppressing US Exports? Yellen Refutes Trump: "It's Not as Simple as You Think"

Yellen refutes Trump's argument about the strong dollar suppressing U.S. exports. She believes that the current U.S. economy is very strong, with infrastructure projects creating a large number of manufacturing jobs, attracting foreign investment, and increasing the value of the dollar. She stated that evaluating the impact of a strong dollar requires considering a broader context. In contrast, Trump believes that the dollar is too strong, leading to poor product sales. This quarter, the U.S. economy unexpectedly rebounded, with manufacturing output reaching a new high since 2018. Yellen pointed out that the share of manufacturing in GDP is relatively stable, and the decrease in employment is mainly due to productivity improvements rather than trade