Overview

• At a helicopter-side briefing before departing for Scotland, Trump said he prefers a strong dollar but believes a softer one generates higher profits.
• He asserted that his administration has “wiped out inflation,” arguing a strong dollar offers little benefit beyond curbing prices and hinders exports.
• Trump referenced historic currency battles with China and Japan and highlighted Caterpillar’s 16% share increase as evidence of manufacturing gains.
• Market data show the dollar index has fallen more than 10% in six months to its lowest level in three years and recently steadied.
• A reporter’s interruption noting shared Wharton alumni status briefly shifted the exchange before Trump returned to defend his currency view.