The fear that a deepening trade war could wreck the global economy has analysts and economists once again pining for the mid-1980s, when the U.S. and the world’s other major economic powers struck a deal, known as the Plaza Accord, to weaken the dollar. An end to the present turmoil surrounding U.S.-China trade tensions “may require no less than a global grand bargain,” wrote Thierry Wizman, economist at Macquarie Group, in a Wednesday note. The best such grand bargain would see President Trump “ditching the protectionist mind-set” versus China, he said. In return, China, the European Union and Japan would agree to a ... (full story)