Macro Trumpeconomics, prima parte
Jun 10, 2025
Vittorio Carlini, a finance journalist at Sole 24 Ore, delves into the origins of Trumpeconomics and its economic underpinnings. He discusses the influence of the U.S. dollar on trade and the implications of its strength for export competitiveness. The conversation highlights the complexities of global economic agreements and draws parallels between Trump’s economic policies and past eras. Carlini also examines the challenges of managing national debt and the risks associated with deregulation, offering insights into the multifaceted landscape of Trump’s economic strategy.
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Dollar Overvaluation Drives Trade Deficit
- A structurally overvalued dollar makes US exports more expensive globally and imports cheaper domestically.
- This creates a persistent US trade deficit according to Trump's economic rationale.
Reducing Dollar Flow Rebalances Trade
- Trump's strategy seeks to reduce the global dollar transactions to rebalance trade.
- Limiting dollar flow disrupts foreign reinvestment into US debt, aiming to boost US exports over imports.
1980s Currency Deals vs. Modern Finance
- Trump's approach harks back to 1980s-era currency agreements focused on controlling dollar value.
- Modern globalized finance and the liberalization of markets make such direct currency management much harder today.