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Rogoff warns Trump tariffs won’t endure as rivals retaliate and US growth slows
Economy
Published on 24 April 2026
Tariffs may look strong now, but retaliation learns fast
Economist Kenneth Rogoff says Donald Trump’s tariff push may appear to be reshaping global trade, but it likely won’t last once other countries learn how to hit back effectively. He ties US economic risks to dollar dominance, sanctions, and unsustainable debt, arguing no single currency can replace the greenback and forecasting slower US growth.
- Rogoff expects tariff pressure to fade as retaliation capabilities spread
- US debt and sanctions remain central risks to the dollar’s dominance
- He doubts any single currency will replace the dollar
- He links India’s chess rise to broader science and tech momentum
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times