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What Should a Mar-a-Lago Accord Look Like?

Venue :Online Seminars
Host Name :The SEACEN Centre
Date From :06 May 2025
Date To :06 May 2025

Descriptions

Countries are very unlikely to agree to the terms of a Mar-a-Lago Accord that have been suggested by US Treasury Secretary Scott Bessent or CEA Chair Stephen Miran. These terms include accepting higher US tariffs without retaliation and continuing to hold dollar reserves while receiving below-market returns.

 

Nevertheless, there is a deal to be had that would benefit the entire world while achieving President Trump’s goal of eliminating the US trade deficit. The deal has four elements: (1) a large and sustained reduction in the US fiscal deficit, (2) large and sustained increases in fiscal deficits in Asia and Europe (especially China and Germany), (3) coordinated intervention to push the dollar down, and (4) reversal of most of the Trump tariffs, leaving only those justified by bona fide national security concerns.

Join us for an online seminar hosted by the Centre and featuring Joseph Gagnon, from the Peterson Institute for International Economics.

The South East Asian Central Banks (SEACEN)Research and Training Centre 198201000672 (80416-M)

 

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Email : enquiries@seacen.org
 

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