Reagan’s Advisor: Trump’s Trade War is Crippling Dollar Hegemony

Last week, China Academy hosted a conversation with Professor Steve Hanke, a professor of applied economics at Johns Hopkins University and a former senior economist on President Ronald Reagan’s Council of Economic Advisers.
The conversation will be released as a three-part video series. In this episode, Professor Hanke explains how trade protectionism harms the U.S. economy, highlighting that the trade deficit is caused by fiscal deficits and that a trade war with China is futile. He also warns that using the dollar as a sanctioning tool is a reckless and risky approach.