Did Crypto Shift Trump on Trade?
==========
Donald Trump’s trade policies may become less stable in a second term; historically, Trump has viewed trade deficits as detrimental to American wealth; he has previously called for a weak dollar to combat deficits; in September 2024, Trump threatened tariffs against countries not using the dollar and endorsed cryptocurrency linked to a stable dollar; Trump has criticized the strong dollar earlier this year; he has shifted from skepticism to acceptance of cryptocurrency since spring 2024; Trump's association with World Liberty Financial, which offers stablecoins pegged to the dollar, raises concerns about potential conflicts of interest; a strong dollar complicates efforts to reduce the trade deficit, which has been a key Trump goal; this shift could indicate a chaotic second term.
#DonaldTrump #TradePolicy #Cryptocurrency #UsEconomy #ForeignPolicy #MonetaryPolicy #2024Election #TradeDeficit #WorldLibertyFinancial #Stablecoins
https://www.aei.org/foreign-and-defense-policy/did-crypto-shift-trump-on-trade/
American Enterprise Institute /
npub14z…4fwd3
2024-09-25 19:49:36
Author Public Key
npub14zq8m4ucx6nteqtxp2d3m8z3tqa2hkcwh4rm96lde0cx2cjwlh9s94fwd3Published at
2024-09-25 19:49:36Event JSON
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"content": "Did Crypto Shift Trump on Trade?\n==========\n\nDonald Trump’s trade policies may become less stable in a second term; historically, Trump has viewed trade deficits as detrimental to American wealth; he has previously called for a weak dollar to combat deficits; in September 2024, Trump threatened tariffs against countries not using the dollar and endorsed cryptocurrency linked to a stable dollar; Trump has criticized the strong dollar earlier this year; he has shifted from skepticism to acceptance of cryptocurrency since spring 2024; Trump's association with World Liberty Financial, which offers stablecoins pegged to the dollar, raises concerns about potential conflicts of interest; a strong dollar complicates efforts to reduce the trade deficit, which has been a key Trump goal; this shift could indicate a chaotic second term.\n\n#DonaldTrump #TradePolicy #Cryptocurrency #UsEconomy #ForeignPolicy #MonetaryPolicy #2024Election #TradeDeficit #WorldLibertyFinancial #Stablecoins\n\nhttps://www.aei.org/foreign-and-defense-policy/did-crypto-shift-trump-on-trade/",
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