Tại sao sự hỗn loạn thuế quan của Trump thực sự có lý (bức tranh toàn cảnh)

Get access to global coverage at an exclusive 20% discount at https://economist.com/moneymacro

Further reading mentioned in the video:

Scott Bessent’s essay: https://www.economist.com/by-invitation/2024/10/23/the-international-economic-system-needs-a-readjustment-writes-scott-bessent

Two ex-Biden advisors on the global trading system: https://www.economist.com/by-invitation/2025/03/25/the-global-trading-system-needs-new-rules-not-tariffs-say-wally-adeyemo-and-joshua-zoffer

If you appreciate the research, consider buying me a 'coffee' at https://ko-fi.com/moneymacro or supporting long-term for membership benefits via Patreon: https://www.patreon.com/moneymacro

WANT AN IN-DEPTH INDUSTRIAL POLICY MASTERCLASS?

△ https://school.moneymacro.net/p/industrial-policy-masterclass

LIKE CHATTING ECON WITH ME?

△ Follow me on Twitter: https://twitter.com/joerischasfoort

△ Follow me on LinkedIn: https://www.linkedin.com/in/joeri-schasfoort/

△ I have a private Discord server for Senior and Chief economist Patrons / members.

Timestamps:

00:00 Intro

02:12 What does the Trump team actually want?

05:12 A brief history of the US led global order

08:25 The Triffin dilemma

13:24 The MAGA masterplan for a new global order

22:41 Conclusion and sponsor

Attribution:

Music by Epidemic Sound: http://nebula.tv/epidemic

Thank you to AP Archive for access to their archival footage.

Stock footage and others clips by Getty

Narrated and produced by Dr. Joeri Schasfoort