Dollar devaluation and dollar dominance are not necessarily mutually exclusive. But the approach to weakening the greenback that US President Donald Trump’s administration is considering would almost certainly spell the end of the US dollar’s reign as the dominant international currency.
exposes fundamental flaws in the US administration’s vision for weakening the greenback.
Despite the uncertainty surrounding global trade, there are some bright spots – namely, booming trade in services. And here, ironically, the United States is leading the way, running a services trade surplus with most major economies and generating millions of good jobs for American workers.
encourages the US government to acknowledge the country’s impressive success in exporting services.