Tariffs and the Mar-a-Lago Accord: What Trump Really Wants

How the Trump administration is using tariffs as a negotiating tool to weaken the U.S. dollar and increase the global competitiveness of U.S. manufacturers.

Topics covered include:

• Why U.S. stocks are falling, and recession risk is increasing
• How the U.S. dollar as the reserve currency is becoming a burden on the U.S.
• How the Trump administration aims to reduce its trade deficit and make it less attractive for foreign governments to own U.S. assets
• What are the risks of trying to weaken the U.S. dollar

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Show Notes

Stock Market News, March 10, 2025: Nasdaq Falls 4% After Trump Doesn't Rule Out Recession by Caitlin McCabe and Krystal Hur—The Wall Street Journal

Trump Says US Economy Faces ‘Transition,’ Avoids Recession Call by María Paula Mijares Torres—Bloomberg

Is the U.S. Heading for a Recession? Here’s What the Experts Say by Caitlin McCabe—The Wall Street Journal

Mark Carney Wins Canada Liberal Contest, Will Succeed Trudeau in Days by Brian Platt and Laura Dhillon Kane—Bloomberg

Entering the Fall 2024 | Alarming Signs? - Fireside Chat with Scott Bessent by Simplify Asset Management—YouTube

A User’s Guide to Restructuring the Global Trading System by Stephen Miran—Hudson Bay Capital

Could Trump devalue the dollar with a "Mar-a-Lago Accord"? by Paul Diggle and Luke Bartholomew—Aberdeen Investments

Wonking Out: The Mysteries of the Almighty Dollar by Paul Krugman—The New York Times

On the Persistence of the China Shock by David Autor, David Dorn, and Gordon H. Hanson—NBER

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