China Gives Trump Ultimatum: US Dollar in Danger!

China Gives Trump Ultimatum: US Dollar in Danger!

After Donald Trump's renewed threat of 100% tariffs on countries that want to forego the US dollar, China is considering a huge coup: turning away from the greenback! The BRICS alliance, known for its efforts to diversify global finance, continues to stick to its plan to promote local currencies. A maneuver that has gained even more momentum since Western sanctions against Russia in the wake of the Ukraine war.

In the midst of the bitter exchange of blows between BRICS and the USA, China is now aiming for a gigantic currency experiment. A Beijing think tank suggests making the yuan dependent on non-dollar-based currencies. This would allow China to make its monetary policy more flexible and stimulate demand. This strategy, presented by the China Finance 40 Forum group of senior regulators and financial experts, offers a clear response to Trump's looming trade explosion and the associated economic shockwave. How watcher.guru reports, this could be the key to challenging the US's powerful monetary policy.