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The Guardian Business · Nov 9, 2025 11:00 AM EST MacroGeopolitics

Trump’s dollar delusion: how trade war risks ending the US’s ‘exorbitant privilege’

Trump’s team flirts with weakening the dollar, threatening US influence, low borrowing costs and global stabilityMagical thinking is indispensable to understanding Team Trump’s economic policymaking. The White House often seems to believe two opposing policies can work together while one policy can do two or three contradictory things.A heavy dose of hocus pocus will be needed to make the administration’s dollar pol…

Trump’s dollar delusion: how trade war risks ending the US’s ‘exorbitant privilege’
Image The Guardian Business

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