President Donald Trump is busy imposing tariffs on nations. These tariffs have spurred global market instability, impacting the US markets negatively. This development has also compelled several nations to recoup and figure out a counterstrategy to continue working with the United States. At the same time, nations like China have counter-imposed tariffs on the US, sparking widespread trade war narratives. In its wake, a new development has caught pace, which is now impacting the US dollar, ushering in de-dollarization drives to take over the world. Will the dollar lose its status before Trump’s reign ends? Let’s find out.

Also Read: De-Dollarization: Experts Predict Outcome Of Yuan Vs. US Dollar

Trump Tariffs and De-Dollarization

us dollar sad worried
Source: Watcher Guru

Trump continues to rake in headlines no matter what he does. For instance, the president has embroiled himself in an active trade war narrative by imposing strict tariffs on several nations. At the same time, Trump has recently taken a jibe at the Federal Reserve Chair Jerome Powell, referring to him as “Mr. Too Low” and “Major Loser” for not lowering interest rates.

“The US dollar is diving. 📉It just hit its weakest level since Feb 2022—rattled by trade tensions and speculation over Fed Chair Powell’s future after President Trump called him “Mr. Too Late” and a “major loser” for not lowering interest rates.”

This development has compelled the US dollar to display an unstable stance, dropping to new lows in the process.

Also Read: Trump Crashes the Stock Market After Public Attack On Powell’s Policies

What May Happen To The USD In The Next Two Years?

Speculation about the US dollar losing its status as the world’s reserve currency is already catching pace. Theories surrounding how the dollar may also get replaced by other currencies are also a scenario gaining incredible steam. In this wake, Bloomberg’s Andy Mukherjee claimed how the dollar may soon be replaced by other currencies in the transaction sector.

“The Dollar’s Monopoly in Payments Will Soon Be History. The shift may start with transactions where it just greases the wheels of commerce.”

Bloomberg shared how the dollar’s monopoly in world economics is now standing at the precipice of a major change.

“No matter what happens in the long run to the US currency’s value or its role as a safe haven for central banks and private investors. One thing is clear. The greenback’s monopoly in payments. whereby it’s exchanged in 88% of all trades, is headed for the history books.”

  • De-dollarization
  • trump
  • US DOLLAR
  • US Markets