Why is US unlikely to shrink trade deficit and maintain dollar's exorbitant privilege in 2025?
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09/01/25
Is China likely to accept a new Plaza Accord? Zero probability. It is unlikely that both US objectives — shrinking trade deficit and maintaining the exorbitant privilege of dollar — will be satisfied at once in 2025, or in the next four years: Former Greek Finance Minister Yanis Varoufakis #GlobalArena #America #Dollar
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