Tariffs and Trade Dynamics

This chapter explores the divergent approaches to tariffs within U.S. politics, contrasting a technocratic model with an aggressive response to market changes. It examines the implications of these approaches on international relations, particularly with Japan and China, and their impact on the economic landscape. Additionally, the chapter highlights the complexities of the U.S. position as the world's reserve currency and the challenges it presents to domestic manufacturing and long-term interest rates.

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