First, there are fewer stronger dollars flowing into the country because the world isn't buying oil. Second, our exports become more expensive and US exporters suffer.
“First, there are fewer stronger dollars flowing into the country because the world isn’t buying oil. “
Before becoming an exporter, there were NO dollars flowing into the country, it was ALL outflow. Bad.
“Second, our exports become more expensive and US exporters suffer.”
Not necessarily. Other countries need oil and food no matter what the price. We STILL bought foreign oil when it was $150/barrel.