The bigger risk is that Trump's weak-dollar gamble kicks off a fresh confrontation over foreign exchange. His policy shift is aimed at China but Japan, Korea and South-east Asian governments might feel obliged to cap, or intervene to weaken, exchange rates.
CURRENCY moves speak louder than words, Donald Trump is learning.
The US president's administration has sent contradictory signals about the end of the strong dollar, a cornerstone of American policy since 1995. But the market clearly believes in a weak dollar era - which...