International Relations

What are the Mar-a-Lago Accord and Plaza Accord?

Imagine a world where countries sit down to tweak the value of their money to fix trade problems. That’s what the Plaza Accord did in the past, and it’s what the Mar-a-Lago Accord might do today. These are big deals—agreements between nations to change how strong or weak their currencies are compared to each other. Let’s dive into what they are, why they happened, and what they mean, all in simple terms. The Plaza Accord:…