This week, the value of the American dollar continued to decline. The plunge has been attributed to market volatility over President Donald Trump’s on-again, off-again tariffs. But there are some on Trump’s economic team who have floated wanting to weaken the dollar intentionally. FT economics columnist Gillian Tett and Unhedged host Katie Martin join to discuss why the chaos that’s keeping investors worried may be a feature, not a bug.

Mentioned in this podcast:

Unhedged Podcast

What a Mar-a-Lago accord could look like

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Swamp Notes is produced by Katya Kumkova. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.

Read a transcript of this episode on FT.com

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