“The U.S. #governmentdebt is still growing strongly with no apparent plan to contain it,” he said. “And the institutions that have underpinned the dollar’s dominance are being shredded before our eyes. All of this should be enough to bring down the dollar a few more pegs, if not demolish it altogether.”

#economy #trump #tariffs #tradewar

https://www.newyorker.com/news/the-financial-page/how-trump-is-debasing-the-dollar-and-eroding-us-economic-dominance

How Trump Is Debasing the Dollar and Eroding U.S. Economic Dominance

John Cassidy on how the Trump Administration’s policies are affecting the worth of the U.S. dollar, which influences the market’s pull with foreign investors.

The New Yorker