#  U.S. International Policy: Trade & Finance 

 



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"[Why haven’t Trump’s tariffs crashed the US economy?," *The Guardian*](https://www.theguardian.com/business/2025/dec/29/donald-trump-tariffs-us-economy-inflation-employment-2026), Dec. 28, 2025.

"Taking a Sledge Hammer to US Global Leadership: Trump's Tariffs," [Network2020](https://www.youtube.com/watch?v=o5kHQ6eB--Q), Nov. 24, 2025, talk May 2025.

"[Is Trump Engineering the Decline and Fall of the US Dollar?](https://www.project-syndicate.org/commentary/mar-a-lago-accord-would-spell-the-end-of-dollar-dominance-by-jeffrey-frankel-2025-03)," *Project Syndicate*, March 20.

"[Trump's Imaginary Victories](https://www.koreaherald.com/article/10434345)," *The Korea Herald*, March 6, 2025.

"[Can Trump's Tariff Threats Save Dollar Hegemony?](https://www.project-syndicate.org/commentary/donald-trump-threats-against-brics-countries-could-backfire-by-jeffrey-frankel-2024-12)" *Project Syndicate,* Dec. 17, 2024. The [*Guardian*](https://www.theguardian.com/business/2024/dec/24/will-trumps-tariff-threats-against-brics-nations-backfire), Dec. 24.  
  
["In the Dollar We Trust](/Why%20Commodity%20Prices%20are%20Likely%20to%20Fall,)," *Project Syndicat*e, September 22, 2022.  
  
["These Russia Sanctions are Different](http://www.koreaherald.com/view.php?ud=20220320000233)," *Korea Herald*, March 2022.

"[Biden's Modest Multilateralism](https://prosyn.org/EetcKNB?referral=9e1f40)," *Project Syndicate*, Nov. 27, 2020. "[Joe Biden will lead the US back to international cooperation](https://www.theguardian.com/business/2020/nov/30/joe-biden-us-donald-trump-climate-crisis-economic-stimulus)," *The Guardian*, Nov. 30. [*Korea Herald*](http://www.koreaherald.com/view.php?ud=20201130000273), Dec. 1, 2020.  
  
"[Governments should turn back the clock over trade policy,](https://www.theguardian.com/business/2019/nov/28/governments-should-turn-back-the-clock-over-trade-policy)" *The Guardian,* Nov. 28, 2019. “[The case for old-fashioned tariff cuts](https://www.weforum.org/agenda/2019/11/the-case-for-old-fashioned-tariff-cuts/),” *World Economic Forum*, Nov. 28, 2019.  
  
"[How a Weaponized Dollar Could Backfire](https://www.project-syndicate.org/commentary/donald-trump-weaponized-dollar-could-backfire-by-jeffrey-frankel-2019-10)," [*Project Syndicate*](https://www.project-syndicate.org/columnist/jeffrey-frankel)*,*Oct. 23. "[Trump's Weaponisation of the Dollar Could Threaten its Dominance](https://www.theguardian.com/business/2019/oct/24/trumps-weaponisation-of-the-dollar-could-threaten-its-dominance)," *The Guardian*, Oct. 24. "[A Weaponzed Dollar Could Backfir](http://www.koreaherald.com/view.php?ud=20191025000393)e," *Korea Herald*, Oct. 27, 2019.

**“**[The Role of the Dollar in the Post-war Era](/file_url/789),” at Roundtable on the *Future of the Dollar*, Oct. 16, 2019, Institute of International Finance, Washington DC.

“[Trump adds a dismal dimension to the US-China trade dispute](https://www.theguardian.com/business/2019/aug/13/trump-adds-a-dismal-dimension-to-the-us-china-trade-dispute)**,”** *The Guardian*, Aug.13.

“[Trump's trade policy is a hot mess of conflicting goals – with few winners](https://www.theguardian.com/business/2019/may/23/donald-trump-trade-policy-hot-mess-conflicting-goals-few-winners-china-us-economy),” [*The Guardian*](https://www.theguardian.com/profile/jeffrey-frankel)*,* May 23, 2019.

[Introductory comments](/file_url/687) on “Threats to the International System,” for the Bellagio Group, hosted by the National Bank of Belgium, Brussels, January 12, 2019.  
  
"[The dollar’s current status as international reserve currency](https://www.omfif.org/meetings/podcasts/2018/october/in-conversation-jeffrey-frankel-james-w-harpel-professor-harvard-universitys-kennedy-school-of-government/)," podcast, OMFIF, October 10, 2018.  
  
"[Trump Wrong to Brand China a Currency Manipulator](https://asia.nikkei.com/Opinion/Trump-wrong-to-brand-China-a-currency-manipulator)," *Nikkei Asia Review,* Sept. 20, 2018.

"[My Apology Tour](https://www.project-syndicate.org/commentary/americans-regret-trump-behavior-by-jeffrey-frankel-2018-07)," [*Project Syndicate*](https://www.project-syndicate.org/columnist/jeffrey-frankel), July 23, 2018.

"[The Republican's Protectionist Pedigree](https://www.project-syndicate.org/commentary/trump-g7-tariffs-republican-protectionism-by-jeffrey-frankel-2018-06)," [*Project Syndicate*](http://www.project-syndicate.org/columnist/jeffrey-frankel), June 13, 2018.

"[Making America's Trade Deficits Great Again](https://www.project-syndicate.org/commentary/republican-tax-bill-widens-trade-deficit-by-jeffrey-frankel-2018-01)," Jan.15, 2018, i[n *The Guardian*](https://www.theguardian.com/business/2018/jan/15/donald-trump-is-making-americas-deficits-great-again).

"[Jeffrey Frankel on Recession-Dating, the Plaza Accords, and Globalization](https://www.youtube.com/watch?v=_-DvKlQv__k)," *Macro Musings*, Mercatus Center, 2017.  
  
"[Five Trade Fallacies](/file_url/443)," [Ppt slides,](/file_url/444) panel on *Trade Deficits and the Trump Administration,* [panel with video: Frankel, Krueger, Aliber, Barfield & Lachman](http://www.aei.org/events/trade-deficits-and-the-trump-administration/)*,* American Enterprise Institute, Washington DC, Sept. 15, 2017.

"[Can Trump Deal with North Korea and China?](https://www.project-syndicate.org/commentary/trump-deal-making-china-north-korea-by-jeffrey-frankel-2017-08)" [*Project Syndicate*](http://www.project-syndicate.org/columnist/jeffrey-frankel)*,* Aug. 24, 2017. E.g., "Trump's trade policy on China won't win its help on North Korea*,"* [*The Guardian*](https://www.theguardian.com/business/2017/aug/25/donald-trump-trade-policy-china-north-korea-kim)*,* Aug.25, 2017.

"[How to Renegotiate NAFTA](https://www.project-syndicate.org/commentary/trump-mexico-renegotiate-nafta-by-jeffrey-frankel-2017-04)," *Project Syndicate*. E.g., ["Can Donald Trump Better Renegotiate NAFTA? Yes, By Bringing Back TPP,” ](https://www.theguardian.com/business/2017/apr/25/can-donald-trump-better-renegotiate-nafta-yes-by-bringing-back-tpp) *The Guardian,* April 25, 2017.  
  
"[Mnuchin's Mission](https://www.project-syndicate.org/commentary/mnuchin-trump-china-currency-manipulation-by-jeffrey-frankel-2017-03)" *Project Syndicate*, March 22, 2017. E.g. in [*Nikkei Asian Review*](http://asia.nikkei.com/Viewpoints/Jeffrey-Frankel/Mnuchin-s-Mission)*,* March 23, 2017.  
  
“Trade and Inequality,” slides: [Ppt](/file_url/232), [pdf](/file_url/233). Providence Committee on Foreign Relations, December 14, 2016.  
  
“Global economic challenges for Donald Trump,” [outline](/file_url/219), Slides: [Ppt](/file_url/220), [pdf](/file_url/221). Panel, American Enterprise Institute, Washington, DC, December 5, 2016. [Summary](http://paracom.paramountcommunication.com/ct/39170687:WOtirxuNl:m:1:1014451883:F640378A416A13C91A576A925A4D7539:r) & [video](http://www.aei.org/events/global-economic-challenges-for-donald-trump/?utm_source=paramound&utm_medium=email&utm_campaign=Lachman&utm_content=followup).  
   
"[Listen: Economist Jeffrey Frankel '74 on Trade, Inequality, and the Election](https://www.swarthmore.edu/news-events/listen-economist-jeffrey-frankel-74-tpp-trade-inequality-and-election)," *Clair Wilcox Lecture*, Swarthmore College, Oct. 24, 2016. [Outline](/file_url/213). [Slides: Ppt](///%5C%5CWebdrive%5CJeff's%20Website%5CTrade&InequalitySwarthmore2016Oct24.pptx), [pdf](/file_url/211).  
  
“[The Domestic Threat to US Leadership](https://www.project-syndicate.org/commentary/obama-imf-reform-global-leadership-by-jeffrey-frankel-2016-04),*”* [*Project Syndicate*](http://www.project-syndicate.org/columnist/jeffrey-frankel) Apr.13, 2016; e.g., in [*Korea Herald*](http://www.koreaherald.com/view.php?ud=20160414000994)*,* 4/14/16. [Extended version](http://econbrowser.com/archives/2016/04/guest-contribution-the-threat-to-us-global-leadership)*, Econbrowser.*

"[The Trans-Pacific Partnership](/file_url/623)" [outline](https://www.hks.harvard.edu/fs/jfrankel/TPP-FoxHill2015Dec29Outline.pdf), *Fox Hill* [*Foreign Affairs series*](http://wamu.org/programs/metro_connection/15/10/30/bethesda_retirement_community_boasts_foreign_affairs_discussions)*,* Bethesda MD, Dec. 29, 2015**.** "[Congress Should Approve TPP](https://www.bostonglobe.com/opinion/2015/11/11/jeffrey-frankel-congress-should-approve-tpp/Y5gKGNk0SLf0iIxqp404WP/story.html)," *Boston Globe.* Nov. 11, 2015.

"[Why Support the TPP?](https://www.project-syndicate.org/commentary/why-support-tpp-by-jeffrey-frankel-2015-10)" [*Project Syndicate*](http://www.project-syndicate.org/contributor/jeffrey-frankel)*,* Oct.8, 2015. "[Critics Should Keep an Open Mind](http://www.theguardian.com/business/2015/oct/11/why-support-tpp-critics-read-agreement-keep-open-mind),” [*The Guardian*](http://www.theguardian.com/profile/jeffrey-frankel), Oct. 11. "[Be Open-Minded About TPP](http://www.koreaherald.com/view.php?ud=20151012001019)" [*Korea Herald*](http://www.koreaherald.com/list.php?ct=020603010000), Oct. 12, 2015.

"[The Dollar, Kerry, and the Iran Deal](/file_url/905)," *Marketplace Radio*, September 2015.  
  
"[New and Improved Trade Agreements](http://www.project-syndicate.org/commentary/us-should-ratify-tpp-by-jeffrey-frankel-2015-05)," [*Project Syndicate*](http://www.project-syndicate.org/contributor/jeffrey-frankel)*,*  May 7, 2015. ["Revising International Trade Agreements](http://www.worldfinance.com/home/revising-international-trade-agreements)," *in World Finance,* July 14, 2015.

"[A strong dollar is a sign of a strong economy](http://www.nytimes.com/roomfordebate/2015/03/23/the-fed-and-the-dollar/a-strong-dollar-is-a-sign-of-a-strong-economy)," [*The Fed & the Dollar*](http://www.nytimes.com/roomfordebate/2015/03/23/the-fed-and-the-dollar/a-strong-dollar-is-a-sign-of-a-strong-economy), Room for Debate, *NY Times,* March 23, 2015.

"[Absent America](http://www.project-syndicate.org/commentary/jeffrey-frankel-blames-the-us-congress-for-undermining-america-s-global-leadership)," [*Project Syndicate*](http://www.project-syndicate.org/columnist/jeffrey-frankel)*,* Jan.24, 2014. “[US Picks a Bad Time to Miss World Affairs](http://www.bangkokpost.com/opinion/opinion/391621/us-picks-bad-time-to-miss-world-affairs),” *Bangkok Post,* Jan.27. Full version, “[IMF Reform & Isolationism in the US *Congress*](http://www.eastasiaforum.org/2014/01/29/imf-reform-and-isolationism-in-the-us-congress/)*,” East Asia Forum,* Jan.29, 2014.

[Comments on](/file_url/431) The [Comprehensive Restructuring of the International Economic Accounts](http://www.bea.gov/scb/pdf/2014/03%20March/0314_restructuring_the_international_economic_accounts.pdf), Bureau of Economic Analysis, US Department of Commerce, [BEA Advisory Committee,](http://www.bea.gov/about/advisory.htm) May 9, 2014.  
  
"The Economic Outlook and the Twin Deficits," Boston Economic Club, May 24, 2006. Earlier versions were presented at *The Columbus Group*, Harvard University, Feb. 17, 2006; an *Ambrosetti* meeting, Villa d’Este, Italy, March 31; and the *Economic Advisory Panel* Meeting of the Federal Reserve Bank of New York, April 7, 2006;  and the [*Real Estate Academic Initiative*](http://www.hks.harvard.edu/fs/jfrankel/RealEstateAI-Outlook.pdf)*,* at Harvard University, April 19, 2006.

["What's Ahead: Decade of the Dollar, the Euro, or the RMB?"](http://www.hks.harvard.edu/fs/jfrankel/AthensDecade%24euroRMBj23.pdf) Eurobank, Athens, Greece, 21 June, 2005.

["Will rising US interest rates precipitate the next wave of emerging market crises?"](http://www.hks.harvard.edu/fs/jfrankel/Will_rising_US_interest_rates_precipitate.pdf) *The International Economy*, Winter 2005.

["Critiques of the IMF," ](http://www.hks.harvard.edu/fs/jfrankel/Critiques_of_the_IMF.pdf) for a debate with Jeff Sachs --*The IMF: Are 50 Years Enough?* moderated by Joe Nye, KSG, Harvard University, April 20, 2000.

"[On Reports that Someone in Washington Has Mislaid Russia](http://www.hks.harvard.edu/fs/jfrankel/wholostrussia.PDF)," Dean's community-wide discussion on *The Future of Russia*, December 13, 1999, Kennedy School of Government, Harvard University. Published in *The Russian Weekly*; *Delovoi*, Russia; *Lietevos Aidas*, Lithuania; *Logos Press*, Moldova; *Aki Press*, Kyrgystan; and *Siue*, Slovakia; Fall 2000.

["The Outlook for the US Trade Balance," ](http://www.hks.harvard.edu/fs/jfrankel/FRBAcadC-TB%20.PDF)Academic Consultants Meeting, Board of Governors of the Federal Reserve System, Nov. 29, 1999.

["Is the US Interested in Exercising Dollar Diplomacy?"](http://www.hks.harvard.edu/fs/jfrankel/panamaspeechAbr.pdf) *(abridged)*, address to *Conference on Dollarization*, InterAmerican Development Bank, Panama City, Panama, July 1999.

["Fast-track and the Continuing Importance of Trade Liberalization," Symposium on Freer Trade: In Whose Interest?, The Carter Center](http://www.hks.harvard.edu/fs/jfrankel/carterct.pdf), Atlanta, Georgia, October 20, 1997.

["How to Gauge the Importance of Trade to the U.S. Economy," address to the National Economists Club](http://www.hks.harvard.edu/fs/jfrankel/cbuneco6.pdf), Washington, D.C., Oct. 7, 1997. ["How to Gauge the Importance of Trade to the U.S. Economy," address to Conference of Business Economists](http://www.hks.harvard.edu/fs/jfrankel/cbuneco6.pdf), Washington, DC, May 8, 1997.

"[Trade Bind: Now It's Harder to Fix a Recession](http://www.hks.harvard.edu/fs/jfrankel/Eichengreen&F1988op-edNTYradeFixRecessn.pdf)," with Barry Eichengreen, *New York Times* oped, August 14, 1988.

["Tax Policy, Trade Policy and American Competitiveness,"](http://www.hks.harvard.edu/fs/jfrankel/TaxPolicyDallas1988.pdf) in From the Southwest to the World, Federal Reserve Bank of Dallas, July 1989. Speech, Dallas, October 1988. Also abridged & translated into Japanese in *Economist,* The Mainichi Newspapers, Dec.20, 1988, 51-5.