Trump strongly rejects international cooperation. Round 2 is underway.
Here's a timeline of Trump's actions involving international organizations and treaties, from his first term to the present.
Bank for International Settlements (BIS)
As the world's oldest international financial institution, Basel, Switzerland-based BIS was founded in 1930 to increase cooperation among central banks and other government agencies working to create financial and monetary stability. It had a key role in reparation payments imposed on Germany following the World War I. It does not supervise or regulate banks, and its banking services are exclusively for central banks and international financial institutions.
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Central bankers urge tax raises or spending cuts to tackle infation
The Bank for International Settlements' general manager said the key policy challenge remains fully taming inflation.
Swiss devise $3.25B deal for UBS to aquire 'too big to fail' Credit Suisse
The Financial Stability Board designated the two biggest Swiss banks as so important economically they are 'too big to fail.'
BIS focuses on 'restoring low inflation'
Central bankers face "difficult choices" as they grapple with raising rates to tame inflationary pressures that probably won't ease anytime soon.
BIS says the future monetary system is cental bank digital currencies
The financial institution that supports central banks has a new blueprint for the monetary system, and it's not crypto-based.
Europe leads on ESG as global rules sought
The rise of ESG investing creates an "urgent demand for global standards," says an organization working on them as the next U.N. climate summit nears.
Central banks lean into era of big data for research and decisions
Machine learning applications that use big data are increasingly helping central banks, according to BIS.
Envoy says 126 nations seek carbon neutrality
The top U.N. official for global climate action said 65% of the world body's 193 member nations will seek net zero carbon emissions by 2050.
G-7 pledges to fight new coronavirus risks
G-7 finance chiefs vowed to safeguard their economies from the coronavirus outbreak, but did not offer specifics about what they might be prepared to do.
IMF forecasts hit to global GDP from Trump's trade war with China
Tariffs imposed or threatened by the U.S. and China could reduce global economic output by 0.8% in 2020.
Central bankers worried about the risks of trade wars and cheap money
The global bank for central banks said U.S. and European stimulus measures won't provide "sustainable momentum."
Global financial regulator presses for more U.S. engagement
The Financial Stability Board monitors and recommends ways of strengthening the world's financial architecture.