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19-04-2025, 04:07 PM
https://www.france24.com/en/live-news/20...ial-system
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Stephen Miran, chairman of the White House Council of Economic Advisers, outlined his idea in a 41-page essay titled "A User's Guide to Restructuring the Global Trading System".
Little known until now, the Harvard-trained economist's paper -- published in November after Trump's election win -- has garnered attention in recent weeks due to its emphasis on tariffs and a weak dollar.
Some analysts say the essay provides the intellectual rationale for Trump's trade war.....
"President Trump views tariffs as generating negotiating leverage for making deals," Miran wrote.
"It is easier to imagine that after a series of punitive tariffs, trading partners like Europe and China become more receptive to some manner of currency accord in exchange for a reduction of tariffs."
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Stephen Miran, chairman of the White House Council of Economic Advisers, outlined his idea in a 41-page essay titled "A User's Guide to Restructuring the Global Trading System".
Little known until now, the Harvard-trained economist's paper -- published in November after Trump's election win -- has garnered attention in recent weeks due to its emphasis on tariffs and a weak dollar.
Some analysts say the essay provides the intellectual rationale for Trump's trade war.....
"President Trump views tariffs as generating negotiating leverage for making deals," Miran wrote.
"It is easier to imagine that after a series of punitive tariffs, trading partners like Europe and China become more receptive to some manner of currency accord in exchange for a reduction of tariffs."
