Foreign goods are cheaper than ever to import
🌏 Foreign goods are cheaper than ever to import.
This could be because the value of the United States dollar has more purchasing power, up against the Japanese yen and the British pound. However, manufacturers in the United States are likely to suffer from the value of the dollar going up as US-made goods become more and more expensive for buyers internationally. These companies that are still operating primarily in overseas factories are also dealing with unfavorable exchange rates.