The Economic Consequences of Losing Dollar Dominance on Everyday Americans
Losing the US Dollar as the global reserve currency would lead to higher costs for goods and services, rising inflation, and increased borrowing rates, directly affecting everyday Americans’ purchasing power and financial stability. The shift away from the dollar could also weaken the US’s geopolitical influence, disrupt global trade, and slow economic growth, ultimately challenging the nation’s economic dominance.
Negotiating Gambits or Empty Threats? Trump’s Mexico Tariffs and Their Impact
Trump’s just proposed a 25% tariff on all imports from Mexico. It is framed as a punishment for issues like immigration and fentanyl trafficking. However, this policy could backfire, leading to higher prices for U.S. consumers and fueling inflation. Herein I predict Mexico’s strategic countermove and predict the real winners and losers.