The Story Why the dollar is crashing – and why you should care
7 snips
Jun 3, 2025 Mehreen Khan, Economics Editor at The Times, provides keen insights on the current turmoil surrounding the US dollar's stability. She discusses how recent court rulings are shaking confidence in American assets and examines the potential for intentional dollar devaluation and its repercussions on everyday citizens. Khan also highlights the challenges of maintaining the dollar's status as a global reserve currency amidst competition from the euro and the renminbi. The conversation uncovers the implications of US economic policies on manufacturing and employment.
AI Snips
Chapters
Transcript
Episode notes
April 9 Bond Market Crash
- On April 9th, Mehreen Khan witnessed a bizarre bond market crash signaling a crisis in US government borrowing costs.
- This triggered Trump's tactical pause on tariffs, revealing extreme market anxiety and a rare policy reversal.
Dollar Losing Global Trust
- The US dollar has dropped 9% this year, signaling declining global confidence.
- This crisis threatens the dollar's century-long role as the global reserve currency.
Court Blocks Trump's Tariffs
- A US Trade Court invalidated most Trump tariffs, citing overreach of executive power.
- This legal setback challenges the administration's approach and disrupts US trade policy.