Former President Donald Trump's Economic Advisers Are Considering Ways to Actively Stop Nations From Shifting Away From The Dollar

Former President Donald Trump's Economic Advisers Are Considering Ways to Actively Stop Nations From Shifting Away From The Dollar

Business Standard

Former President Donald Trump’s economic advisers are considering ways to actively stop nations from shifting away from using the dollar, according to people familiar with the matter. Discussions include penalties for allies or adversaries who seek active ways to engage in bilateral trade in currencies other than the dollar. A verbal backlash against the dollar’s dominance in the global financial system gained traction in 2022, when the US led efforts to impose harsh economic sanctions on Russia.

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