The strengthening dollar threatens to undermine a rebound in American manufacturing, handing foreign producers an advantage in selling into U.S.
Overseas producers gain pricing power; 3M, General Electric expected to take exchange-rate hit on foreign sales
The dollar is getting stronger. While that may sound like something to be happy about, a runup in the value of the dollar can ripple through the economy in unexpected ways. WSJ's Julia-Ambra Verlaine explains. Illustration: Jordan Kransethreatens to undermine a rebound in American manufacturing, handing foreign producers an advantage in selling into the U.S., executives and economists said.
The U.S. dollar’s surging value relative to the euro, the Japanese yen, the British pound and other currencies is making foreign-made goods cheaper to import, while exports of U.S.-made goods grow more expensive for foreign buyers. For U.S. manufacturers operating overseas factories, theirContinue reading your article with
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