Summary:
Trump's announcement of "reciprocal tariffs" details their structure with baseline tariffs, higher tariffs on countries with trade deficits, and sector-specific duties. These measures, driven by a focus on trade imbalances, contradict the economic realities of the dollar's role as a global reserve currency (Triffin Dilemma). The potential consequences discussed include inflation and global trade disruption. It examines international responses like currency devaluation, currency swaps, and the potential for a new global currency as nations seek alternatives to the dollar in a changing trade landscape.
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