One issue is going to gain prominence over the coming months. I suspect that the Trump administration is going to try and strong-arm the likes of the IMF and the World Bank to change their lending practices and to encourage current-account surplus economies to rebalance the share of saving and consumption in their economies.  The strategy will likely entail a potential reset of the world’s monetary system as we currently know it, which I think could lead to a period of sustained US dollar weakness over the medium term. Several months ago, this column noted that the US tariff regime…

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