Glenn Hubbard says that pursuing a weaker dollar is the wrong way to support US manufacturing.
Glenn Hubbard urges Trump to drop the weak-dollar push before midterms, warning it deepens inflation and erodes US fiscal standing. FX instability from dollar policy is a direct variable for tech managers running cross-border capex or USD-denominated contracts.
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Economics
May 25, 2026
Glenn Hubbard
As November’s midterm elections approach, US President Donald Trump must stop pushing for a weaker dollar, which will exacerbate the affordability pressures many Americans face and harm the country’s fiscal position. Fortunately, there are several policy instruments that could help the administration support domestic manufacturing.
There are better ways to help US manufacturing and its left-behind workers than through a weaker dollar alone
Glenn Hubbard urges the Trump administration to abandon mercantilism and proposes a pro-growth alternative.
Trump’s team flirts with weakening the dollar, threatening US influence, low borrowing costs and global stability
Trump’s effort to bolster American manufacturing is unproductive.
Economists doubt US duties will bring about a resurgence of US factory jobs, notably due to Trump’s erratic tariff rollout
A new report finds that US manufacturers are struggling to find their footing as President Donald Trump works through tariff…
