Trump‘s trade Strategy: tariffs Implemented, Currency Actions Remain Unclear
While former President Donald Trump has actively pursued tariffs as a trade policy tool, his management’s focus on currency manipulation as a means to address trade deficits has been less pronounced.This approach has led some analysts, like economist Dr. Daniel Miran, to suggest that Trump’s actions might be better understood as a strengthening of the euro rather than a weakening of the dollar.
Miran’s thesis posits that trade imbalances can be viewed from two perspectives: a weakening dollar or a strengthening of other currencies.Trump’s administration has primarily implemented tariffs, a move that directly impacts trade flows. However,explicit actions targeting currency practices have been limited,with mentions of “currency practices” appearing mainly in executive orders related to tariffs,such as the “Liberation Day” tariffs order.
this selective implementation of his trade theories has prompted Miran to express some reservations about his own earlier analyses. He has indicated that while currency actions might be considered in the future, they have not been a central focus thus far.