The fresh planet order began with barred customs, but it will not end with them. Donald Trump, 47th president of the United States, has a top-level challenge ahead of him. It's expected to reconstruct America's economical power and save the dollar.
High tariff impact (https://myślpolska.info/2025/04/09/why-trump-proliferated-global-war-trade/) is just a preliminary White home maneuver. 10 percent duties have been imposed on the full world, which improve American trading position. The introduction of additional Trump fares unexpectedly suspended for 90 days. Why? They were only meant to force allies and competitors to sit at the negotiating table. And as he vulgarly expressed himself, “they kissed him in d...”. These are indeed the relations of the "sociants" towards Hegemon.
The main subject of negotiations (or alternatively forcing) of fresh conditions by the American president will be the defence of the dollar. As we all know, it is simply a currency of planet trade, and more importantly – in the dollar there are as many as 58% of planet reserves. The issue of global money brings large benefits to America – around $7 trillion in abroad currency reserves of another countries makes it easier for the issuer to access abroad goods and services. You don't gotta produce, just emit.
It is claimed that it is ‘air emissions’ or that the Fed incorporates the ‘dollar printer’. There's something about the truth, but... nothing for free! The constant (and growing) request for the dollar has nothing to do with the US trade deficit, and it serves the monetary needs of the planet (for example, to prevent the strengthening of its own currency). These targets already scope 1 3rd of the monetary mass (M2) and reenforce the dollar. It is permanently overvalued, besides strong, which is deadly for the competitiveness of American exports. Especially during periods of recession, erstwhile emissions further strengthen the dollar, thereby eliminating jobs. Thus, "air emissions" is simply a very costly mechanics for America – its trade and fiscal deficit is the consequence of the export of taxation papers.
Thus the position of the U.S. as the issuer of the planet currency leads to large-scale abroad and state debt. The faster the issuer's economy slows down towards the world. And that is how it is present – the U.S.'s share of the planet economy is decreasing – in the 60s it was 40% global, in 2010 its share fell by half. So it is no longer the time of full dominance of America, which could afford to full open its marketplace to the full world. Now access to it becomes a privilege to deserve. Donald Trump so threatened the planet with tariffs to build a fresh balance. It weakens the benefits that others have from the function of the dollar as a reserve currency and the blood of planet trade.
Of course, America doesn't do it for charity. It can control trade, finance and, consequently, the political decisions of the remainder of the world. Washington thus made a dollar of his weapons to dictate his terms with financial force alternatively than military force. But that's what you pay for.
Trump, defending the dollar, besides takes into account the costs of the safety umbrella for the full strategy that the States provide. He will force allies to cover them, much more seriously than ever. Everyone should follow the leader, the most zealous ally of Poland. Not only that we have the largest military spending (almost 5% of GDP) in NATO, we are besides the planet leader in arms imports, mainly American, of course. We signed contracts to import arms worth $68 billion, which is over 13 percent of global import orders. expanding arms spending by allies will relieve Washington of the massive cost of global safety of the democracy system.
Donald Trump has actually read threats to America – for more than 40 years the increasing trade deficits have had a deficit in the current economy's account.] and the cost of military dominance are linked together by a dollar. The American economy is becoming more and more hollow and desolate. So president Trump decided to revise the rules of the game. We'll keep an eye on him.
Andrzej Szczęsniak
photo profile fb White House
Think Poland, No. 17-18 (27.04-4.05.2025)
