Why Trump's 'weak dollar' plan misreads America's trade deficit

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Why Trump's 'weak dollar' plan misreads America's trade deficit - Business Standard

Quick Summary:

When viewed through this lens, it is clear that the current-account deficit is influenced not just by the exchange rate but by anything that affects the balance between national saving and investment.

Foreign investors were accumulating US Treasuries, while American firms expanded abroad by acquiring foreign production facilities, either through direct purchases or “greenfield” investments, in which they built factories from the ground up.

Another key factor behind the current-account deficit is the strength of the American economy, which has been by far the most dynamic among the world’s major players in recent years.