The high cost of a strong dollar

When it comes to international trade and finance, everyone pretty much speaks one language: the U.S. dollar. So when the Federal Reserve hikes interest rates and the dollar suddenly gets strong, it can cause huge headaches all over the world. Subscribe to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney Learn more about sponsor message choices: podcastchoices.com/adchoices NPR Privacy Policy