US Ramps up Dollar Campaign Amid China’s De-Dollarization

The TRUMP administration is intensifying efforts to reinforce the global dominance of the US dollar as calls for de-dollarization gain momentum. Washington officials are actively researching strategies to counteract these trends, including promoting dollar adoption in other countries and mitigating risks associated with de-dollarization.

Financial Times reports that policymakers have consulted Steve Hanke, a Johns Hopkins University professor and dollarization expert, to explore pathways for bolstering confidence in the US dollar. Argentina's peso crisis has emerged as a potential case study for dollarization, with some analysts viewing Latin American economies as prime candidates.

China's persistent push for de-dollarization has reportedly spurred Washington's renewed focus on maintaining dollar hegemony. The administration's efforts reflect growing concerns over shifting global currency dynamics and the potential erosion of US financial influence.