The US dollar is on track for its worst year in modern history

Most Americans don't need cheaper iPhones and Amazon/Taobao slop, they need higher wages, cheaper food, cheaper housing. A cheap dollar moves industry back to America and this is a win for the average American. A weakening dollar is basically a gigantic macroeconomic signal to move investments back into the American economy instead of pushing them away.

The flip flopping of the government is also a gigantic macroeconomic signal to not invest in the US as there is no long term prediction possible.

CHIPS act goes away, something else comes, trade deals are made, then tariffs, then no tariffs, then tariffs again.

You don’t offset a cheaper dollar against counter tariffs.

You’re one nationalization away from becoming the next Argentina.