Martin Wolf, a prominent analyst from the Financial Times, argues that billionaires and corporate America are the real winners of Donald Trump’s presidency. In a recent interview, he highlighted the blending of populism and traditional Republican policies, warning that Trump’s tariffs could lead to inflation in the U.S. He predicts that increased tariffs might weaken the dollar and raise domestic prices, potentially igniting a conflict between Trump and the Federal Reserve over interest rates. Wolf expresses concern that these conditions could result in a more serious inflation crisis and a potential shift away from the dollar.