How Trump’s economic team hopes to reset the international financial system | DW News
Members of President Donald Trump’s economic team are pushing for a total reorganization of the international financial system. The so-called “Mar-a-Lago accord” – named after the president’s resort in Florida, aims to tilt the international economy in favor of the US. As part of the scheme, the White House would reclassify trading partners into friends and enemies, and deliberately devalue the US dollar.
00:00 How Trump advisers hope to coerce allies into a dollar devaluation and a US debt reset
03:11 Jessie Yin Assistant Director at the Atlantic Council’s GeoEconomics Center talks DW through Trump’s competing goals
#trump #usdollar #usdebtcrisis
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22 Comments
Dont worry people President Trump will fix everything. I wish Trump could be the president for the next 100 years. We love you President Trump ❤
Huh?! You come to me on this day …. The day of my daughter’s wedding and ask me to do this thing… have you ever invited me in for a cappuccino… or …. Let’s make them an offer they can’t refuse..😂😂😂 RESPECT the USA!
The 50-year petrodollar agreement (June 8, 1974 – June 9, 2024) ensured Saudi oil sales were priced in U.S. dollars, reinforcing global dollar demand. In return, Saudi Arabia reinvested billions in U.S. assets, helping finance deficits and keeping borrowing costs low. With its expiration, Saudi Arabia can now price oil in multiple currencies, reducing dollar reliance. This weakens U.S. financial dominance, increases borrowing costs, and limits petrodollar recycling into U.S. markets. The shift threatens dollar hegemony, potentially causing capital outflows and inflation, leading to massive revenue losses for the U.S. economy and financial system. Trump knows it and wants to replace it with tariffs !!!❤❤❤
Mega speakers American policy driven by school kids mentality in charge
Omg… this is so ridiculous… just tax your rich. Close your deficit… let unfair money leave the country and you'll have a better currency value.
Gee raise our prices and weaken our money. Best president ever? Not!
Well it would definitely devalue bonds
Yeah great idea a nation so reliant on imports is going to suddenly become more well off by spiking the amount it pays to ships stuff in as inputs into the economy. If they had a plan they would know business supply chains need years to change to domestic led manufacturing and it will be impossible when the raw materials are imported. Trump going for his latest and greatest bankruptcy only this time the country pays with crazy high prices.
Mar-a-Lago Accord, F-47…what's next? The USD will soon be changed to DJT? Oh boy 😄
Just for interest, how much is the US tax payer paying Trump for the Mar-a-Lago meetings?
Countries paying protection money to the US does not sound underworld gangsterism at all 😄
Trump will start retaliating by stop trading with Europe, ban German car at all.
Didn't trump throw a fit saying china was doing that 😂😂
Trump needs to provide an outlet for allied spending. Maybe they can pay to finance security instead of giving that money as a loan to america. That would balance the trade and usa would not run the deficit any more.
Default on the debt and lower the value of USD
They elected Gordon Gecko. What could go wrong
100 year bonds? Wow, the billionaires are really trying anything they can to make sure that the Capitalist monetary system that gives them their power stays in place for as long as possible. That's not even the craziest part about this either. He's already refused military aid to our allies and is now going to offer "friendly" countries tariff reductions and protection if they pay? Isn't there a word for that kind of deal? Oh right, it's extortion.
You work for 42yrs to have $2m in your retirement, Meanwhile some people are putting just $20k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life
America is for EU safety and peace in Greenland. Best condition for EU safety and growth.
World 195 countries will all become American citizens in the future.
Who don't want to be Americans?
This is why , America in number one powerful Richest strongest greatest country in the World.
value of USD have been said for a quite long time. not just strong and weak but also percentage in country money basket, even before Trump. Trump just make them a good chance to re-evaluate USD. also might be good time to re-adjust it for the whole world.
He is gonna f around and the dollar will be replaced by the euro, and the usa will give up a lot of its international power
THE EUROPEANS EU/UK money making Machine,,,G*D says no BRAIN Machine
This is the moment that the rest of the world should collectively say:
We don't trade in dollar anymore.
Thank you, bye!