New Economy

The Dollar’s True Enemy Isn’t Who You Think

Treasury Secretary Scott Bessent made dollar supremacy his top priority. The Iran war has undercut that goal.
An explosion following US-Israeli strikes near Azadi Tower close to Mehrabad International Airport in Tehran on March 7.Photographer: Atta Kenare/AFP/Getty Images
Lock
This article is for subscribers only.

Note to readers: Starting today, Bloomberg New Economy will be a standalone newsletter. You don’t need to do anything—you’ll continue to receive it every Saturday and Economics Daily on weekdays. You can manage your preferences at any time here.

Hi, I’m Erik Schatzker, editorial director of Bloomberg New Economy, coming to you from the Milken Institute’s annual global conference in Los Angeles with exciting news. Since we began the New Economy project in 2018, this weekly missive has carved out a unique space in the expanse of Bloomberg coverage. Like a Venn diagram with trade, technology, finance, economic policy, security and geopolitics as its overlapping circles, the newsletter has served as a showcase for the multidisciplinary range of our correspondents’ reporting. From an early focus on China, it expanded during the pandemic to offer considered takes on everything from vaccines and the future of work to cryptocurrencies and tech supremacy. Nowadays, we strive to capture the issues and themes of greatest global consequence in a world increasingly shaped by America’s unilateralism, China’s assertiveness and artificial intelligence. And as Bloomberg prepares to host the New Economy Forum in New Delhi this October, this newsletter will explore more regularly the dynamism and complexities of India’s economy.