The US dollar is the most important unit of account for international trade the main medium of exchange for settling international transactions and the store of value for central banks.
President Donald Trump has boldly imposed a new era of US economic policy dominated by tariffs trade wars and threats to the sovereignty of nations it has long considered allies.
The President is aiming to rewrite the rules of international trade mostly by disregarding them as he pursues an America first agenda.
The cost to the United States of Trump’s trade war and country takeover rhetoric has already cost America its reputation.
Is the US dollar and its status as the world’s most important reserve currency also about to be tossed into the rubbish bin of world history?
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