Fact-check analysisVerified as of July 25, 2025Curated by FactVerify
Mostly True

Trump on the weakening US dollar: "A weak dollar makes you a hell of a lot more money."

Donald Trump has expressed the view that a weaker US dollar can increase American earnings, and his policies have coincided with a significant weakening of the dollar, though the economic implications are complex and debated.

Could Trump weaken the dollar to curb record trade deficit?

Could Trump weaken the dollar to curb record trade deficit?

Source: dw.com

At a glance

Key Evidence

Verified July 25, 2025
The reporting

What the Evidence Shows

The claim centers on Trump's statement that "A weak dollar makes you a hell of a lot more money," which reflects his publicly stated belief that a weaker dollar benefits the US economy by boosting exports, manufacturing jobs, and reducing trade deficits. Multiple sources confirm that Trump and his administration have pursued policies that have contributed to a weakening of the US dollar in 2025, with the US Dollar Index declining significantly, the worst start to a year since 1973.chathamhouse.orgchathamhouse.orgDonald Trump’s policies risk making the US dollar a source of global instability

Economists and analysts acknowledge that a weaker dollar can make US goods cheaper abroad, potentially increasing export revenues, which aligns with Trump's assertion. However, experts also caution that the relationship is not straightforward; a weaker dollar can increase import costs, contribute to inflation, and signal underlying economic weaknesses.newsweek.comnewsweek.comTrump Oversees Worst Dollar Start to Year in Over Half a Century

Furthermore, some analyses suggest Trump's approach to weakening the dollar may risk global financial instability and undermine the dollar's role as the world's reserve currency. Thus, while Trump's statement captures a real economic mechanism, currency depreciation can enhance export competitiveness, the broader economic effects are nuanced and contested. The claim is mostly true in reflecting Trump's position and some economic realities but lacks context about potential downsides and complexities.

Primary trail

Verified Sources5

Could Trump weaken the dollar to curb record trade deficit?

dw.com
Open source

The Dollar Has Its Worst Start to a Year Since 1973

nytimes.com
Open source

Trump Oversees Worst Dollar Start to Year in Over Half a Century

newsweek.com
Open source
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