Source: The Daily Economy
by Michael N Peterson
“Accelerated by Trump’s tariffs, the EU has signed or updated trade deals with Mercosur, Indonesia, India, and Mexico. Other countries across the Anglosphere like Canada and New Zealand are inking new free trade agreements in an effort to diversify beyond the U.S. In other words, as America raises its trade barriers, the rest of the world is lowering theirs, further undermining its standing as the global economic powerhouse. Meanwhile, the US dollar — America’s enduring monetary advantage — is losing its luster as the world’s reserve currency. … While Pax Americana fades in the rearview mirror, that doesn’t mean the US can’t find its way back to the top of the world’s rules-based economic system. But it will require more than a Supreme Court ruling.” (03/13/26)
https://thedailyeconomy.org/article/the-end-of-pax-americana/