The Potential Shift Away from USD Dominance and Its Implications
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#322c94f3 ver:0.24

The potential shift away from USD dominance could have significant implications. President Biden's tariffs on Chinese imports give China more incentive to challenge the dollar's world reserve currency status. If the dollar loses this status, the US government would lose its ability to 'weaponize the dollar,' leading to economic crisis and pressure on the Federal Reserve. China and Russia are strengthening their alliance, using their own currencies for trade. There is a growing aspiration for a multi-currency international environment, and India should focus on strengthening its exports. In a potential trade war, the US dollar may be the only winner due to its protection and global importance. However, Trump's platform and policies could undermine the dollar's dominance, eroding trust and leading to geopolitical fragmentation. #USD #China #economy #trade #currency...

#newstr #Usd #Currency #InternationalTrade #China #India 

 https://here.news/story/322c94f3?ver=0.24