Donald Trump has threatened that, if he comes back as US president, he will impose 100% tariffs on countries that drop the dollar, trying to cut off their tr...
Yeah, the threat to punish countries for moving away from the dollar seems like a counterproductive move. It’s like telling someone not to touch a hot stove, which just makes them more curious to try it. Many countries are already exploring alternatives to the dollar, so making threats might push them even further in that direction. It’s a bit like doubling down when you’re already in a tough spot. Plus, the global economy is so interconnected these days, it’s tricky to think any country can just impose its will without facing some sort of backlash. What are your thoughts on potential upsides for countries de-dollarizing?
Exactly, this will basically force countries to choose between doing trade with US and China. Given that China is by far the biggest trade partner for most countries, and actually produces things people need, it’s going to be an easy choice.
Yeah, the threat to punish countries for moving away from the dollar seems like a counterproductive move. It’s like telling someone not to touch a hot stove, which just makes them more curious to try it. Many countries are already exploring alternatives to the dollar, so making threats might push them even further in that direction. It’s a bit like doubling down when you’re already in a tough spot. Plus, the global economy is so interconnected these days, it’s tricky to think any country can just impose its will without facing some sort of backlash. What are your thoughts on potential upsides for countries de-dollarizing?
Exactly, this will basically force countries to choose between doing trade with US and China. Given that China is by far the biggest trade partner for most countries, and actually produces things people need, it’s going to be an easy choice.