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 increasingHow 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. assetsWhat are the risks of trying to weaken the U.S. dollarEpisode SponsorsDelete Me – Use code David20 to get 20% offStawberry.meInsiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletterOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesStock Market News, March 10, 2025: Nasdaq Falls 4% After Trump Doesn't Rule Out Recession by Caitlin McCabe and Krystal Hur—The Wall Street JournalTrump Says US Economy Faces ‘Transition,’ Avoids Recession Call by María Paula Mijares Torres—BloombergIs the U.S. Heading for a Recession? Here’s What the Experts Say by Caitlin McCabe—The Wall Street JournalMark Carney Wins Canada Liberal Contest, Will Succeed Trudeau in Days by Brian Platt and Laura Dhillon Kane—BloombergEntering the Fall 2024 | Alarming Signs? - Fireside Chat with Scott Bessent by Simplify Asset Management—YouTubeA User’s Guide to Restructuring the Global Trading System by Stephen Miran—Hudson Bay CapitalCould Trump devalue the dollar with a "Mar-a-Lago Accord"? by Paul Diggle and Luke Bartholomew—Aberdeen InvestmentsWonking Out: The Mysteries of the Almighty Dollar by Paul Krugman—The New York TimesOn the Persistence of the China Shock by David Autor, David Dorn, and Gordon H. Hanson—NBERManufacturing, value added (% of GDP)—World Bank Data Group | Prosperity Data360Council of Economic Advisors Chair Nominee Stephen Miran’s Critique of the Global Monetary System—Part I by Steven B. Kamin—AEIUsing Stock Returns to Assess the Aggregate Effect of the U.S.‑China Trade War by Mary Amiti, Matthieu Gomez, Sang Hoon Kong, and David E. Weinstein—Federal Reserve Bank of New YorkTwo cheers for Germany’s fiscal reform by Neil Shearing—Capital EconomicsRelated Episodes404: Why Is the U.S. Dollar So Strong? Will It Continue?322: Why Currency Exchange Rates MatterSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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“What did the council decide on item 42?” — answered with the speaker and the moment.