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Donald Trump, a currency manipulator? Wall Street isn't ruling it out

Deliberate move to weaken dollar isn't so far-fetched anymore

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President Donald Trump looks into the crowd as he addresses supporters at Tampa Bay Technical High School in Tampa | Photo: Reuters

Katherine Greifeld | Bloomberg
The United States of America, a currency manipulator?

It’s a label more frequently slapped on developing export economies and one that President Donald Trump took up just this week to browbeat China and Europe in his increasingly pitched trade war.

But as outlandish as it sounds, some Wall Street observers say the possibility that Trump himself will launch a sustained campaign to weaken the dollar as a way to reduce the U.S. trade deficit can’t be dismissed.

“The trade debate will increasingly include the currency issues,” said Charles Dallara, a former U.S. Treasury official and one of the architects of the Plaza Accord,