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🇺🇸 **Trade war and the dollar anchor**
_“Inhibiting trade flows to and from the United States through tariffs or other means, weakens the force underpinning the dollar’s special role,” the authors write. “… This loss of its safe-haven status leads to a rise in U.S. interest rates, a drop in the world-market value of U.S. firms, capital outflows, and lower U.S. wages. … Without free trade, the U.S. dollar-centric system may collapse entirely or shift to another target currency.”_
🔗 https://www.brookings.edu/articles/trade-war-and-the-dollar-anchor/.
