Another possible consequence of an intentional effort to weaken the value of the dollar is given by economist Fred Bergsten, quoted in this article: It would essentially be an act of economic war. What is implied by an economic war between America and its trading partners like Canada, China, Europe and Japan? What actions of economic war are these nations likely to take against the U.S.? What are the consequences likely to be for America, and American jobs, as a result of these acts?