Any benefit from the tariffs President Trump has placed on Chinese products is being offset by the overvalued U.S. dollar. That’s according to Michael Stumo, CEO of the Coalition for a Prosperous America.
He says there are steps that can be taken to fix the overvaluation of the U.S. dollar. Stumo says CPA backs the idea of putting a variable rate charge on the inflows of capital so the dollar slowly goes down.
Stumo says without a fix to the value of the dollar, U.S. exports will continue to be hurt.
Stumo says the most recent U.S. Treasury report says the U.S. dollar is the most overvalued currency of all the major nations in the world. He says its currently 20 percent to 25 percent too high.
