Is Trump Really Trying to Adjust the New Taiwan Dollar Exchange Rate to 13.3? Fact-Check Report Reveals the Truth

U.S. President Donald Trump's tariff policies have undergone several changes, and U.S. bond yields have surged, prompting experts to analyze his intents. The term "Mar-a-Lago Accord" has recently sparked extensive discussion. On the 24th, Taiwan’s fact-checking platform "MyGoPen" released a fact-check report addressing the rumor that "Trump wants to set the dollar-to-New Taiwan Dollar exchange rate at 13.3."
The report indicated that a recent message circulated on social media stating that "Trump wants to lower the New Taiwan Dollar to 13.3 😳 experts warn: the U.S. will go bankrupt." Upon examination, on April 2, "East News" reported the topic under the headline "Does Trump Want to Bring the New Taiwan Dollar to 13.3? Experts Alarmed: The U.S. Will Go Bankrupt," citing the cover story from the 1953 issue of "Business Weekly." However, it's worth noting that both media outlets used a question format, not asserting the statement as fact. MyGoPen further explained the Big Mac Index, pointing out that the New Taiwan Dollar is underestimated by about 59%. The Big Mac Index uses the prices of Big Macs sold in different countries as an implied exchange rate for purchasing power parity.
Fact-check results showed that Trump has never said he wants to bring the dollar to the 13.3 New Taiwan Dollar exchange rate, and that the headlines on social media used emojis instead of question marks, potentially leading the public to mistakenly believe that Trump had made such statements or was implementing currency policies.
As for what the "Mar-a-Lago Accord" entails, MyGoPen explained that the term appeared on June 15, 2024, proposed by Zoltan Pozsar, founder of Ex Uno Plures, suggesting that the United States could leverage its security advantages to compel other countries to accept the depreciation of the dollar in exchange for continued protection, similar to the Plaza Accord of 1985. Additionally, economist Stephen Miran cited this concept in a paper published in November 2024 and subsequently became the chairman of the White House Economic Advisory Council, bringing more attention to this topic.