Macro Mechanics

Rethinking Global Trade: The Radical Plan to Undermine the Dollar’s Dominance


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As the Trump administration crosses its 90-day pause on most tariffs (ex-China), frustration with the global trading order has reached a boiling point. The United States has revealed a growing dissatisfaction with the international trade architecture, especially due to the size of persistent trade deficits. In this context, the provocative analysis of Stephen Miran, presented in the document “A User’s Guide to Restructuring the Global Trading System,” gains prominence.

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Macro MechanicsBy Mike Ross