Trump's Tariff Threats Could Accelerate Dollar Decline, Economists Warn at Davos

At the World Economic Forum in Davos, economists cautioned that Donald Trump's threats to impose tariffs on nations reducing reliance on the US dollar may backfire. Harvard's Kenneth Rogoff stated that such intimidation only strengthens countries' motives to diversify away from the dollar. Trump's recent ultimatum to BRICS nations, warning of 100% tariffs if they pursue alternative currencies, underscores the growing challenge to the dollar's dominance in global trade.

Source: South China Morning Post.