Senior U.S. officials hit back on Wednesday against suggestions that Donald Trump’s “America First” agenda was hurting globalization and trade, setting an aggressive tone ahead of the U.S. president’s visit to the World Economic Forum.
In keeping with Trump’s combative trade stance, U.S. Treasury Secretary Steven Mnuchin also welcomed a weaker U.S. dollar, helping to send the world’s reserve currency to a three-year low against a basket of major peers.
“Obviously a weaker dollar is good for us as it relates to trade and opportunities,” Mnuchin told a press briefing at the annual summit in the Swiss ski resort of Davos.
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