Don’t Play Games with the US Dollar’s Credibility
Even if the US is running large trade deficits, they are unlikely to cause an “international payments problem” because America can pay for its imports in its own currency and foreigners continue to buy Treasurys. By using Section 122 to prop up his tariff regime, Trump advances a narrative that, even if unfounded, risks casting additional doubts on the foundation of the dollar’s dominance.
.gif)
