Trump’s 10% Tariffs Accelerate De-dollarization in Asia, Fueling BRICS Currency Adoption

De-dollarization trends across Asia have intensified following the announcement of universal 10% tariffs by former President Donald Trump, set to take effect in April 2025. The policy has triggered widespread sell-offs of US dollar-denominated assets, pushing nations toward local currency alternatives and BRICS-led financial solutions.

Market chaos erupted as Deutsche Bank’s FX head reported a simultaneous collapse across all US asset classes. The tariffs have created unprecedented volatility, with investors fleeing traditional dollar holdings for decentralized alternatives.

This seismic shift threatens the dollar’s global reserve currency status while creating fertile ground for cryptocurrency adoption. Emerging markets are increasingly viewing digital assets as viable hedges against dollar instability and geopolitical trade risks.