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Published

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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