Trumponomics Understanding the World View of Trump's Big-Picture Economist
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Mar 12, 2025 
Join Shawn Donnan, a senior writer for Bloomberg, and Mark Sobel, US Chairman of OMFIF, as they unpack the potential 'Mar-a-Lago Accord' and its implications for global trade. They delve into the intricate relationship between U.S. dollar valuation and national security, exploring economic challenges and the evolving landscape under Trump’s administration. The discussion also touches on the interconnectedness of currency manipulation and trade negotiations, revealing how these factors shape not just economics, but international relationships.
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Dollar Overvaluation
- Myron believes the US dollar's overvaluation hurts US competitiveness.
- He argues this is due to the dollar's role as a global reserve currency.
Factors Affecting Dollar Value
- Mark Sobel acknowledges the dollar's potential overvaluation due to its reserve status.
- However, he emphasizes that current account deficits are influenced by various factors like fiscal policy, not just reserve status.
Contradictory Dollar Policies
- Trump's desire for a weaker dollar contradicts his insistence on maintaining its reserve currency status.
- Deliberate devaluation and punitive measures against countries shifting away from the dollar clash with preserving its global role.