This Ezra Klein Show interview with Gillian Tett analyzes the economic strategy of the Trump administration. The discussion explores the "Mar-a-Lago Accord," a purported plan to weaken the dollar while maintaining its dominance as a reserve currency, and the broader "mercantilist" approach prioritizing American power. Tett highlights the internal conflicts within Trump's economic team and the potential for unintended consequences, such as retaliatory tariffs and market instability. The interview contrasts this approach with traditional economic models, emphasizing the role of cultural power and performative actions in shaping policy. Ultimately, the conversation warns of the risks of prioritizing short-term gains through aggressive tactics over long-term stability and cooperation.
