Here’s How Trump Plans to End the Currency War

Currency Wars: A Historical Primer on Financial Hostilities To understand Trump’s purported plan, one must grasp the cyclical nature of currency wars. Historically, they erupt when global economies abandon cooperation in favor of competitive devaluation to boost exports. This isn’t Trump’s invention—it’s a recurring theme in financial history. Currency War I (1921–1936): The aftermath of World War I saw nations devaluing currencies to gain competitive advantages during the Great Depression. This period laid bare the dangers of uncoordinated economic policies, amplifying global economic instability. Currency War II (1967–1987): Kicked off by the collapse of the Bretton Woods system in 1971, this era marked a scramble to stabilize currencies through accords like the Plaza and Louvre Agreements. Currency War III (2010–Present):…