What ‘Mar-a-Lago Accord’ proponents—who have Trump’s ear—get wrong about the U.S. dollar

Quick Summary:

The notion that the accord will lower the dollar’s value, eliminate the trade deficit, and return global production to America is flawed.

Proponents of a Mar-a-Lago Accord tend to think of the U.S.available supply of assets as infinitely available at relatively unchanged liquidity and relative returns.This is false.

While his conclusion was likely exaggerated by a headline writer, Pettis does attempt to make the case that the U.S.would be better off if its currency and financial markets were not the dominant global financial suppliers.

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Article Details

Author / Journalist: Steve H. Hanke, John A. Tatom

Category: EconomyBusiness

Markets: United States

Topics: Currency Trump admin Tariffs Dollar Economy Inflation Finance Trade deficit Commentary

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-25 @ 14:52:33 (18 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 957 words

Reading Time: 6 minutes read

Sentences: 8 lines

Sentence Length: 120 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28208780

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Official Website: fortune.com

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