Trade Tensions and the Dollar's Dilemma

This chapter examines the trade tensions between the U.S., EU, and China, focusing on the implications of economic warfare and the U.S.'s dominant role in global trade. It highlights concerns about the dollar's status as the world's reserve currency amidst fiscal challenges and ongoing budget deficits. The discussion further explores the complexities of trade balances, capital account dynamics, and the political consequences of shifts in manufacturing jobs.