Is the dollar in danger? On Thursday, President Trump finally followed through on his threats to impose tariffs on most steel and aluminum imports. He did so, he says, to promote what he characterizes as fairer relationships between the United States and its trading partners. "We've been treated so badly over the years by other countries," Trump said at Thursday's signing ceremony. But one reason America runs persistent trade deficits is that the U.S. dollar is in high demand. This drives up the value of our currency, making our exports more expensive. And one reason the U.S. dollar is in high demand is that it serves as the world's premiere reserve currency. So to get the sort of trade relationships
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