Commentary

Why Trump is a threat to the global financial system

The US president wants to tear down the world’s regulatory architecture. Can it survive?

Tariffs are just the start of Trump’s plans to upend the world order
Tariffs are just the start of Trump’s plans to upend the world order Photo: Chip Somodevilla/Getty Images

Andreas Dombret is a former supervisory board member of the European Central Bank. Marc Uzan is executive director of the Reinventing Bretton Woods Committee.

Meetings of the World Bank and International Monetary Fund in Washington DC are traditionally a chance for the world’s finance ministers and leading central bankers to discuss how best to co-operate on the pressing issues of the day. This month’s gathering will be very different.

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