De-Dollarization Trends Reverse Under Trump After Biden-Era Acceleration
The global de-dollarization movement reached its zenith during the Biden administration, as emerging economies aggressively pursued trade settlements in local currencies. Between 2020-2024, developing nations rewrote trade policies with startling speed, creating palpable momentum for reduced USD reliance. BRICS summits and Eastern financial alliances dominated economic discourse.
Market dynamics shifted abruptly when the TRUMP administration reinstated hardline dollar diplomacy. Within six months, threats of financial retaliation against de-dollarizing nations reversed years of progress. Where Biden's Treasury adopted passive neutrality, Trump's White House actively sabotaged alternative settlement systems—a stark policy divergence with implications for crypto's role as a neutral medium of exchange.