Trump: U.S. Sanctions Jeopardize Dollar's Status as Global Currency
Economy
Former U.S. President and current Republican candidate Donald Trump warned that American sanctions against countries like Russia are undermining the dollar's status as the world’s reserve currency. He mentioned that during his presidency, he also imposed sanctions but quickly reversed them.
Trump emphasized the critical importance of maintaining the dollar’s global standing. "If the dollar loses this status, it will be equivalent to losing a war," he said.
He criticized the current U.S. administration for relying too heavily on sanctions, claiming that countries like Russia are continuing their operations and no longer feel the need to cooperate with the U.S.
Trump argued that the U.S. should use sanctions more judiciously to preserve its leadership in the global economy and ensure the dollar remains the world’s dominant currency.
He criticized the current U.S. administration for relying too heavily on sanctions, claiming that countries like Russia are continuing their operations and no longer feel the need to cooperate with the U.S.
Trump argued that the U.S. should use sanctions more judiciously to preserve its leadership in the global economy and ensure the dollar remains the world’s dominant currency.
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