Navigating the Trump storm

While targeting trade deficit partners, the tariffs extend further, prompting retaliatory measures. The US administration seeks to reshape global trade and foreign direct investment to favor domestic investment and employment. However, the dollar's status as a global reserve currency acts as a countervailing force, hindering trade rebalancing and restructuring. This approach fails to adequately address the challenges facing US workers, as policymakers overlook other significant factors, such as the adoption of digital technologies, which exert downward pressure on middle-class “routine” jobs and incomes. 

Read the full article here.