> Despite the dollar’s role in weighing heavily on the U.S. manufacturing sector, President Trump has emphasized the value he places on its status as the global reserve currency, and threatened to punish countries that move away from the dollar.

Maybe the US should accept that it can't (or shouldn't) be allowed to have the cake an eat it too, and simply take steps to stop the USD from being the global currency reserve then? Surely there are some measures that can be made? (Or at least not actively work against it happening: "threatened to punish countries that move away from the dollar")

>> There is a path by which these policies can be implemented without material adverse consequences, but it is narrow, and will require currency offset for tariffs and either gradualism or coordination with allies or the Federal Reserve on the dollar. Potential for unwelcome economic and market volatility is substantial, but there are steps the Administration can take to minimize it.

"gradualism", "coordination with allies", are things that this administration is famously good at, so it's probably all going to work out /s