US EditionJim Millstein on the Massive Risks of Any 'Mar-a-Lago Accord'
- The US posted a trade deficit exceeding $1 trillion in 2024, marking the fourth consecutive year of such deficits.
- President Trump aims to decrease the trade deficit and increase manufacturing, although experts suggest that tariffs may lead to higher costs and disrupted supply chains.
- A proposed plan known as the 'Mar-a-Lago Accord' could radically change US economic policy and global trade, backed by officials including Treasury Secretary Scott Bessent.
- Concerns about Trump's trade strategies have grown, with Gillian Tett stating that his actions could threaten free capital flows alongside tariffs on goods.
4 Articles
4 Articles
What is the the Mar-a-Lago accord?
Indices of economic uncertainty have skyrocketed above even the 2020 pandemic or the 2008 global financial crisis, as Donald Trump intensifies his trade war, said Gillian Tett in the FT. It could yet get worse. Amid all the tariff shocks, there is another question hovering. "Could Trump's assault on free trade lead to attacks on free capital flows too?" Put another way, "might tariffs on goods be a prelude to tariffs on money"?Until recently, th…
ExplainSpeaking: what is the ‘Mar-a-Lago Accord’ and dollar devaluation plan, why
To turn around the United States’ trade deficit, Donald Trump has two policy options: imposing tariffs on imports or devaluing the US currency. Here’s what the second option entails, the likelihood of it being exercised, and its possible impact.
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