Trump's Tariff Dilemma and Economic Fallout
Trump's tariff policies have sparked a chaotic trade war, adversely affecting the US economy. Recent data shows an unexpected contraction in economic growth, heightening concerns over inflation.
Economist Sinn suggests that Trump may be exploring new ways to manage the national debt, possibly at the expense of creditors. The unpredictability of his trade strategies raises questions about their effectiveness.
Moreover, Trump's criticism of the Federal Reserve and push for a weaker dollar jeopardize the dollar's status as the world's reserve currency. As the national debt approaches $37 trillion, the market is witnessing a swift movement towards de-dollarization.
In a surprising turn, Trump has started to soften his aggressive stance, which may ultimately yield unexpected benefits for his administration.
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