The article's narrow focus on the macroeconomic problem of the decline in the U.S. dollar is perceived as a contradictory issue, which makes it seem one-sided.
I have a different perspective from the common belief that currency decline follows a seasonal pattern. Financial experts have noticed this ongoing downward trend for almost ten years. Instead, I suggest that the trade deficit in the United States greatly influences the devaluation of the dollar.
The primary cause of the US dollar's decline is the global trade deficit, resulting from a disparity between exports and imports in the United States. Technological advancements in Japan and China, particularly in digital cameras, computers, and mobile phones production, contribute to this imbalance. Additionally, G
...ermany's strong presence in machinery and automobiles further exacerbates America's economic challenges.
In the past, the crisis was triggered by the Vietnam military conflict as George Washington decided to convert dollars into gold rather than investing in military defense. Moreover, the war harmed America's reputation and consequently reduced the attractiveness of its products.
The substitution of the U.S. dollar with the collective European currency has led to instability, leading to a decrease in the national currency of the United States and a growth in the trade deficit. Hence, it is crucial to examine this economic discussion between the EU and the US.
The global commercial arena's economic unions and the decline in popularity of American products have led to the weakening of the national currency.
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