Will Trump shatter 'trinity' of US trade deficit, capital inflows and dollar status?

Global imbalance needs fix but with careful strategy, not ham-fisted tariffs

20250502N Trump dollar

Dollar-selling has accelerated amid distrust stemming from the Trump administration's disruptive policies. (Source photos by Reuters)

HIROYUKI NISHIMURA

NEW YORK -- The Trump administration has been sued by a dozen states over the "reciprocal" tariffs it levied against scores of countries, setting the stage for an intriguing debate.

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