Why “America First” is bad news for the US dollar

Since WW2, the US has been the world's dominant political and military force. That's now changing – and it means a weaker US dollar. John Stepek looks at what's behind the change, and how to position your portfolio.

Donald Trump © Mark Wilson/Getty Images

Trump has been mouthing off at virtually everyone ahead of the G20 summit
(Image credit: Donald Trump © Mark Wilson/Getty Images)

Today we're kicking off by talking about global trade. Before I get started, if you haven't downloaded our free report on the future of global trade (in association with currency specialists OFX), then I urge you to do so it's free of charge and there's a lot of original content in there from the MoneyWeek team, including Dominic. Check it out here.

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John Stepek

John Stepek is a senior reporter at Bloomberg News and a former editor of MoneyWeek magazine. He graduated from Strathclyde University with a degree in psychology in 1996 and has always been fascinated by the gap between the way the market works in theory and the way it works in practice, and by how our deep-rooted instincts work against our best interests as investors.

He started out in journalism by writing articles about the specific business challenges facing family firms. In 2003, he took a job on the finance desk of Teletext, where he spent two years covering the markets and breaking financial news.

His work has been published in Families in Business, Shares magazine, Spear's Magazine, The Sunday Times, and The Spectator among others. He has also appeared as an expert commentator on BBC Radio 4's Today programme, BBC Radio Scotland, Newsnight, Daily Politics and Bloomberg. His first book, on contrarian investing, The Sceptical Investor, was released in March 2019. You can follow John on Twitter at @john_stepek.