Top Trump economist derided as ‘incoherent’ on tariffs after closed-door meeting with investors

Quick Summary:

The dollar’s decline undermines Stephen Miran’s claim that other nations, not U.S.consumers, will "pay” for tariffs.

Miran had previously suggested tariffs could set up a so-called “Mar-a-Lago accord,” or an international agreement to devalue the U.S.dollar like the 1985 “Plaza Accord.” In the November memo, he also floated instituting a “user fee” for foreign holders of U.S.Treasuries.

Miran is reportedly distancing himself from his 40-page memo, titled “A User’s Guide to Restructuring the Global Trading System,” which he published shortly after Trump’s election victory in November while working at $31 billion hedge fund Hudson Bay Capital.

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Article Details

Author / Journalist: Greg McKenna

Category: EconomyBusiness

Markets: United States

Topics: Bonds Donald Trump Inflation U.S. Department of the Treasury Tariffs and trade China

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-01 @ 11:07:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 1058 words

Reading Time: 6 minutes read

Sentences: 4 lines

Sentence Length: 265 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28308519

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