The process by which countries and financial institutions seek to reduce their reliance on the U.S. dollar in international trade, reserves, and financial transactions. De-dollarization efforts are often driven by geopolitical tensions, the desire for greater financial sovereignty, and the need to circumvent U.S. sanctions. The tag covers the strategies employed by nations, particularly within the BRICS bloc, to adopt alternative currencies and payment systems, as well as the potential implications for global trade and the future of the U.S. dollar’s dominance.
President-elect Donald Trump recently issued a stern warning to nine countries within the BRICS alliance, threatening to impose a 100% tariff on their goods if they attempt to undermine the U.S. dollar’s dominance in global trade. The countries targeted by this threat include Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, and the United … Read more
