Trump vows to defend US dollar hegemony, but is it under threat?
- President-Elect Donald Trump threatened retaliation against countries that challenge the US dollar, declaring "100 percent tariffs" on those creating a new BRICS Currency.
- Benn Steil, a senior fellow at the Council on Foreign Relations, warned that without the dollar, the global economy would become less efficient.
- Despite Trump's threats, Steil stated that coercion cannot force people to use the dollar since an international currency thrives on demand.
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Coverage Details
Total News Sources0
Leaning Left3Leaning Right2Center1Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 17%
R 33%
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