Trump Tariffs Accelerate Dollar Decline, Threaten US Reserve Currency Status
Former US Labor Secretary Robert Reich warns that American hegemony is collapsing faster than anticipated due to President Trump’s tariff policies. The tariffs have triggered a sharp decline in the dollar, eroding global confidence in US Treasury bills and other assets.
Investors are fleeing US markets, signaling a potential end to the dollar’s reserve currency status. This shift could have profound implications for global markets, including cryptocurrencies, as investors seek alternative stores of value.