Trump’s World Stagflation Also Undermines Dollar Hegemony
3 Articles
3 Articles
Trump’s World Stagflation Also Undermines Dollar Hegemony
By Jomo Kwame Sundaram and Nurina MalekKUALA LUMPUR, Malaysia, Jun 19 2026 (IPS) US President Trump’s policies are supposed to make America great again (MAGA), which means different things to various parties. Some of its consequences are inadvertent, including undermining dollar dominance and inducing stagflation worldwide. Jomo Kwame SundaramBretton Woods In July 1944, delegates from some 44 countries met in Bretton Woods, New Hampshire, to cr…
The world economy resents the weakening of the dollar as central banks diversify reserves and increase their bet on gold. By Jomo Kwame Sundaram / Nurina Malek KUALA LUMPUR – US President Donald Trump’s policies are supposed to aim to “make America big again (Maga),” meaning different things for each one. Some of its consequences are involuntary, such as the weakening of dollar rule and the unleashing of a global stagflation.
KUALA LUMPUR – US President Donald Trump’s policies are supposed to aim to “make America big again (Maga),” meaning different things for each one. Some of their consequences are involuntary, such as the weakening of dollar rule and the unleashing of a stagflation on a global scale. Bretton [...]
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