Is Trump breaking the dollar? A conversation with Barry Eichengreen

The US economic policy and tariffs are particularly chaotic: three conflicting and inconsistent coalitions are apparently at the origin: (i) the fundamentalists of trade, like Greer, Navarro and Lightizer, who believe that high and permanent tariffs are needed to address the chronic US deficit; (ii) Wall Street representatives who have accepted tariffs in exchange for macroeconomic concessions and realignment of exchange rates, particularly from…