Money For the Rest of Us Tariffs and the Mar-a-Lago Accord: What Trump Really Wants
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Mar 12, 2025 The discussion kicks off with how tariffs are reshaping U.S. stock markets amid recession fears. Delve into Trump's use of tariffs as a strategic tool to boost domestic manufacturing. The complexities of the U.S. dollar as a reserve currency are explored, revealing its mixed blessings. Tensions between trade deficits and currency valuation are analyzed, showcasing historical context and potential strategies. Finally, the podcast navigates the risks associated with a weakening dollar and the potential fallout for global trade.
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U.S. vs. Global Stock Performance
- U.S. stocks are down 5% year-to-date, while global stocks (ex-U.S.) are up almost 9%.
- Non-U.S. stocks have outperformed the U.S. market by 14 percentage points.
Trump's Tariff Strategy
- President Trump uses tariffs as a negotiating tool to achieve economic and national security goals.
- He views tariffs as leverage for making deals and aims to use them strategically.
Goal: Weaker Dollar
- One of Trump's main goals is a weaker U.S. dollar.
- This aims to boost U.S. manufacturing competitiveness, crucial for national security.