President Donald Trump said he has not ruled out measures to counter the dollar's strength and noted that while it was a “beautiful thing” to have a strong currency, it makes U.S. exports more expensive.
“I didn't say I'm not going to do something” on the dollar, Trump told reporters Friday in the Oval Office. “The dollar is very strong, the country's very strong, the dollar—it's a beautiful thing in one way, but it makes it harder to compete.”
Hours earlier, White House economic adviser Larry Kudlow said on CNBC that the administration had “ruled out any currency intervention” following a meeting with the president and his economic team.
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