Could Trump lean on a weaker dollar as is main policy lever? ...Middle East

Here is an interesting passage from a letter from Scott Bessent via his hedge fund in January of this year:Another differentiated view that we have is that Trump will pursue a weak dollar policy rather than implementing tariffs. Tariffs are inflationary and would strengthen the dollar--hardly a good starting point for a US industrial renaissance. Weakening the dollar early in his second administration would make U.S manufacturing competitive. A weak dollar and plentiful, cheap energy could power a boom. The current Wall Street consensus is for a strong dollar based on the deeply flawed logic. We strongly disagree. A strong dollar should emerge by the end of his term if the US reshoring effor

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