This Is How Trump Will Smash the Machine of U.S. Economic Power

Economic security officials worked across administrations, gradually developing grand ambitions of a global order founded on financial sanctions, export controls and development of crucial technologies. Each new administration built up the economic weapons it inherited from the last and encouraged its successors to keep building the structures of American economic power. We are about to find out what happens when those structures are controlled by a disruptive administration — and what happens when that administration inherits the weapons without the accompanying sense of responsibility.

Read the full article in the New York Times.

Other Writing:

Essay

The Folly of Decoupling From China – with Abraham Newman

On May 14, U.S. President Donald Trump threatened to break the United States’ economic relationship with China. “There are many things we could do,” he told Fox Business host Maria Bartiromo. “We could cut off the whole relationship. Now if you did, what would happen? You’d save $500 billion.” It was Trump’s most extreme anti-China ...
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Essay

The Twilight of America’s Financial Empire – with Abraham Newman

When Iraqi lawmakers voted to expel U.S. forces from the country earlier this month, the Trump administration’s response was swift and forceful: it refused to withdraw and, for good measure, threatened financial retaliation, saying it would freeze Iraq’s accounts at the U.S. Federal Reserve. The threat seems to have been effective. Although Iraqi officials still ...
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