Geopolitical Economy Report Tariffs are part of Trump's big plan to save US dollar dominance. Will it work?
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Apr 9, 2025 In a bold move, the Trump administration plans to use tariffs to maintain the dollar's dominance as the world’s reserve currency. Key strategies and the concept of the 'Mar-a-Lago Accord' suggest a radical shift in U.S. economic policy. The discussion dives into the implications of rising de-dollarization trends, particularly with BRICS nations, and the impact of aggressive tariffs on China. Experts analyze the inherent risks, the evolving global power dynamics, and whether America can truly win this economic game of chicken.
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Tariffs to Preserve Dollar Dominance
- Trump uses tariffs as a weapon to preserve U.S. dollar dominance globally.
- He threatens countries with 100% tariffs if they try to abandon the dollar.
Bretton Woods and Dollar Empire
- The U.S. created the Bretton Woods system with the dollar at its center, backed by gold.
- This gave the U.S. enormous financial power post–World War II to build its global empire.
Overvalued Dollar Hurts U.S. Industry
- Trump's top economic advisor Stephen Myron says U.S. dollar overvaluation hurts U.S. manufacturing competitiveness.
- The administration wants to use tariffs and other policies to force other countries to subsidize the U.S. empire.