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Peterson Institute for International Economics Issues Commentary: Don't Blame America's Current Account Deficit on the Dollar
April 15, 2026
WASHINGTON, April 15 -- The Peterson Institute for International Economics issued the following commentary on April 13, 2026, by senior fellow Maurice Obstfeld:

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Don't blame America's current account deficit on the dollar

The Trump administration and China's leaders generally differ on economic policy, but on one proposition some prominent members of their economic teams seem to agree: The dollar's status as the world's dominan . . .

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