Geopolitical Economy Report cover image

Tariffs are part of Trump's big plan to save US dollar dominance. Will it work?

Geopolitical Economy Report

CHAPTER

The Evolution of the U.S. Dollar's Dominance

This chapter explores the historical trajectory of the U.S. dollar as the leading global reserve currency, detailing the shift from a gold-backed system to one reliant on U.S. Treasury securities. It critiques the Trump administration's strategies, including tariffs, aimed at sustaining dollar supremacy despite facing trade deficits and global economic pressures. The discussion also addresses concerns about the long-term implications of these policies on U.S. manufacturing and the perceived burdens placed on other nations benefiting from American economic power.

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