A major shift in the United States global economic policy is underway.
In November, Stephen Miran—now Chairman of President Trump’s Council of Economic Advisers—published a paper titled A User’s Guide to Restructuring the Global Trading System. That document appears to be the blueprint for the sweeping international economic strategy President Trump is now putting into action.
In this new Macro Watch On Substack video, we break down the contents of that paper to explain what’s happening—and what may happen next.
This strategy is bold. It’s aggressive. And it has already begun to shake the foundations of the post-WWII international order. According to Miran’s paper, the U.S. may be preparing to use tariffs and the threat of military disengagement to pressure its trading partners into accepting a massive economic restructuring.
If successful, this could reindustrialize the United States.
If it fails, it could bring about an economic catastrophe of historic proportions.
This video explores:
• The core goals of Trump’s international economic strategy
• The mechanics of the new tariff campaign
• How Dollar Devaluation and a new round of Quantitative Easing fits into the plan
• The potential consequences for the U.S., its allies, and the global economy
If you want to understand how this could impact asset prices, the global trading system, and the future of U.S. economic policy, this is a video you cannot afford to miss.
Watch this new Macro Watch On Substack video now. It is 37 minutes long.
