The dollar suffered its deepest one-day drop since last year’s tariff rollout after Trump said on Tuesday he didn’t think the currency had weakened excessively. Bloomberg’s dollar gauge slid as much as 1.2% as the comments sapped the appeal of the greenback and US Treasuries — boosting what has become known as the debasement trade. For Stephen Jen, founder of Eurizon SLJ Capital, this marks the start of a new phase of dollar declines as the Trump administration targets an exchange rate that supports US exporters.