The “Made in USA” tag was once a powerful tool, but sold out to foreigners for cheap labor because of profit costs. The DXY index fell to its lowest level in three years on Friday. Currently, the market is at its lowest level in 2022, when it emerged from Covid-19-induced sleep. Greenback is weakest in five years, but local currencies are gaining strength in the forex market. Trump’s tariffs have reduced the US dollar’s value, but his policies can bring manufacturing jobs back to America.
In fact, a weak dollar will reduce manufacturing in the US, making manufacturing new jobs available. Companies moved factories out of the United States in the 1980s and are still continuing as foreign countries are more affordable. Workers are cheap, and jobs are completed at a fast pace with little or no union or strike. However, there is no shortage of American working class who are missing out on jobs shipped overseas.
The weaker USD helps lower the rung of Americans improving manufacturing jobs
When the US dollar weakens and falls below the 70-75 level, companies will start manufacturing in the US and make available to work. It would provide a stable flow of income for lower Americans and bridge the gap between the middle and lower classes. Manufacturing has disappeared from its homeland, and Trump’s policies can bring it back to life. Trump must use the falling US dollars to get businesses to start manufacturing in the US.
The move also helps with employment, making it easier for businesses to not import products. Providing manufacturing to all sectors in the US income class will boost the economy and the dollar. It is the Americans who are taking the brunt of factories so that businesses can make more money. This is the only viable opportunity to regain manufacturing jobs that were once stolen from Americans.
Disclaimer: The opinions and opinions expressed in this article are the views of the author and do not necessarily reflect the official policies of the watcher leading figures. This article is for informational purposes only and should not be considered financial or investment advice.
