The impact of the U.S. dollar as the global reserve currency on trade and manufacturing is often not highlighted enough. A strong dollar makes imports from abroad cheaper for Americans, while also making U.S. exports more expensive for everyone else. Do you view the dollar's status as a global reserve currency as a structural impediment to bringing back manufacturing to the U.S.? If so can anything be done to offset this disadvantage? Or is there a world where the reserve status changes?
This question is in regards to how Europe doesn't pay for much in regards to military efforts in comparison to the US. In my mind it is worth the trade of not having to deal with the displaced people from conflicts. Not to say that the US doesn't take in any immigrants sometimes but in comparison to the numbers just from Ukraine alone I am happy that the US is kind of insulated from that. Because of that I tend to give Europe a little bit more slack in the money department. Does that ever factor in to your view?