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:<ul><li>Why U.S. stocks are falling, and recession risk is increasing</li><li>How the U.S. dollar as the reserve currency is becoming a burden on the U.S.</li><li>How the Trump administration aims to reduce its trade deficit and make it less attractive for foreign governments to own U.S. assets</li><li>What are the risks of trying to weaken the U.S. dollar</li></ul>Episode Sponsors<a href="https://joindeleteme.com/david20" rel="noopener noreferrer" target="_blank">Delete Me – Use code David20 to get 20% off</a><a href="https://strawberry.me/david" rel="noopener noreferrer" target="_blank">Stawberry.me</a>Insiders Guide Email NewsletterGet our&nbsp;<a href="https://moneyfortherestofus.com/insiders-guide/" rel="noopener noreferrer" target="_blank">free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter</a>Our Premium Products<a href="https://assetcamp.com/" rel="noopener noreferrer" target="_blank">Asset Camp</a><a href="https://moneyfortherestofus.com/hub/" rel="noopener noreferrer" target="_blank">Money for the Rest of Us Plus</a>Show Notes<a href="https://www.wsj.com/livecoverage/stock-market-today-dow-nasdaq-sp500-03-10-2025" rel="noopener noreferrer" target="_blank">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</a><a href="https://www.bloomberg.com/news/articles/2025-03-09/trump-says-us-economy-faces-transition-avoids-recession-call" rel="noopener noreferrer" target="_blank">Trump Says US Economy Faces ‘Transition,’ Avoids Recession Call by María Paula Mijares Torres—Bloomberg</a><a href="https://www.wsj.com/livecoverage/stock-market-today-dow-nasdaq-sp500-03-10-2025/card/is-the-u-s-heading-for-a-recession-here-s-what-the-experts-say-xIKohneDur8BYbqlYLW1" rel="noopener noreferrer" target="_blank">Is the U.S. Heading for a Recession? Here’s What the Experts Say by Caitlin McCabe—The Wall Street Journal</a><a href="https://www.bloomberg.com/news/articles/2025-03-09/mark-carney-wins-canada-liberal-contest-will-succeed-trudeau-in-days" rel="noopener noreferrer" target="_blank">Mark Carney Wins Canada Liberal Contest, Will Succeed Trudeau in Days by Brian Platt and Laura Dhillon Kane—Bloomberg</a><a href="https://www.youtube.com/watch?v=D18IRACRJio&t=1947s" rel="noopener noreferrer" target="_blank">Entering the Fall 2024 | Alarming Signs? - Fireside Chat with Scott Bessent by Simplify Asset Management—YouTube</a><a href="https://www.hudsonbaycapital.com/documents/FG/hudsonbay/research/638199_A_Users_Guide_to_Restructuring_the_Global_Trading_System.pdf" rel="noopener noreferrer" target="_blank">A User’s Guide to Restructuring the Global Trading System by Stephen Miran—Hudson Bay Capital</a><a href="https://www.abrdn.com/en-sg/investor/insights-and-research/could-trump-devalue-the-dollar-with-a-mar-a-lago-accord" rel="noopener noreferrer" target="_blank">Could Trump devalue the dollar with a "Mar-a-Lago Accord"? by Paul Diggle and Luke Bartholomew—Aberdeen Investments</a><a href="https://www.nytimes.com/2022/09/09/opinion/united-states-dollar-euro-currency.html" rel="noopener noreferrer" target="_blank">Wonking Out: The Mysteries of the Almighty Dollar by Paul Krugman—The New York Times</a><a href="https://www.nber.org/papers/w29401" rel="noopener noreferrer" target="_blank">On the Persistence of the China Shock by David Autor,&nbsp;David Dorn, and&nbsp;Gordon H. Hanson—NBER</a><a href="https://prosperitydata360.worldbank.org/en/indicator/WB+WDI+NV+IND+MANF+ZS" rel="noopener noreferrer" target="_blank">Manufacturing, value added (% of GDP)—World Bank Data Group | Prosperity Data360</a><a href="https://www.aei.org/economics/council-of-economic-advisors-chair-nominee-stephen-mirans-critique-of-the-global-monetary-system-part-i/" rel="noopener noreferrer" target="_blank">Council of Economic Advisors Chair Nominee Stephen Miran’s Critique of the Global Monetary System—Part I by Steven B. Kamin—AEI</a><a href="https://libertystreeteconomics.newyorkfed.org/2024/12/using-stock-returns-to-assess-the-aggregate-effect-of-the-u-s-china-trade-war/" rel="noopener noreferrer" target="_blank">Using 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 York</a><a href="https://www.capitaleconomics.com/blog/two-cheers-germanys-fiscal-reform" rel="noopener noreferrer" target="_blank">Two cheers for Germany’s fiscal reform by Neil Shearing—Capital Economics</a>Related Episodes<a href="https://moneyfortherestofus.com/404-dollar-strength/" rel="noopener noreferrer" target="_blank">404: Why Is the U.S. Dollar So Strong? Will It Continue?</a><a href="https://moneyfortherestofus.com/322-currency-exchange-rates/" rel="noopener noreferrer" target="_blank">322: Why Currency Exchange Rates Matter</a>See Privacy Policy at <a href="https://art19.com/privacy" rel="noopener noreferrer" target="_blank">https://art19.com/privacy</a> and California Privacy Notice at <a href="https://art19.com/privacy#do-not-sell-my-info" rel="noopener noreferrer" target="_blank">https://art19.com/privacy#do-not-sell-my-info</a>.

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