Former US President Donald Trump is back with his eccentric comments and opinions on the current economic stance of the US. Trump, who will be contesting Biden in the upcoming US elections, is now unveiling plans to boost the current economic prospects of the US, including catapulting the US dollar to new heights of success.
Per Bloomberg, Trump may adopt an aggressive stance to protect the integrity of the US dollar by imposing penalties on nations that may refuse to acknowledge the USD’s supremacy.
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Trump’s New Plan to Boost the US Dollar
A new report by Bloomberg outlines Trump’s plan to secure the USD’s position as the leading global currency. The report suggests that Trump’s advisors are holding discussions on imposing penalties on nations that refuse to integrate or interact with the USD for multiple reasons.
The report shared that the economic advisors of Trump are devising strategies to boost US dollar supremacy and may opt to levy sanctions on nations that engage in bilateral trade in currencies other than dollars.
Trump had earlier given interviews outlining his stark adoration for the USD. In one of those interviews, Trump was noted for promoting the US dollar, adding that he hates it when countries ditch the dollar to opt for other currencies.
“I hate when countries go off the dollar,” Trump said in a March 11 interview on CNBC. “I would not allow countries to go off the dollar because when we lose that standard, that will be like losing a revolutionary war,” he said. “That will be a hit for our country.”
Trump’s New Currency Development Invites Community Backlash
Trump’s eccentric idea to protect the US dollar’s prestige and reputation has not bode well within the global community. Several users on X were noted bashing Trump’s idea of USD promotion, adding that the regime is promoting and introducing a rigid, inflexible mindset back into the play.
“When you come to the point of forcing nations and people to use your currency, or else hell, you lose moral suasion and “safe haven” status. The dollar is a US currency, but it is also a problem.
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They talk of sanctions on allies or adversaries who refuse to use the US dollar.
