What will the Trump 2.0 economic landscape look like? We are likely in a World of higher inflation. On top, rising tariffs threaten to squeeze friends and foes alike, but it may also slice-up the World and so create an ‘imperial preference zone’ like the 1930s British Empire trading system, thus embracing America’s allies. And, paradoxically, this may prove a World where both gold and the US dollar (and BTC$) can rise.
© 2025 Michael Howell
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