“Most countries with that debt to GDP would cause a major crisis and the only reason we get away with it is that the world needs dollars to trade with,” says Benn Steil, an economist at the Council on Foreign Relations.
Strange sell-off in the dollar raising specter of investors losing trust in the U.S. under Trump
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Steil noted that other countries are already adopting Trump's approach from his first term as the president imposes tariffs on the premise that the imports create national security risks.
Donald Trump's latest tariff plans on steel, aluminum and other imports are spreading uncertainty
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