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China Says Goodbye to US Dollar: Trump's Tariff Threat Unleashes Yuan Revolution!
China is considering abandoning the US dollar in response to Trump's tariff threats against BRICS to diversify the economy.
China Says Goodbye to US Dollar: Trump's Tariff Threat Unleashes Yuan Revolution!
China is about to make a mega move: get out of the dollar! Donald Trump is heating up tempers – and not without reason! The former US president has given the world an ultimatum: tariffs of a whopping 100% for anyone who wants to ignore the dollar. But China has an answer - and it could really shake the dollar's hegemony.
Since the Ukraine crisis in 2022, the BRICS bloc has been dreaming of a world without dollars! Under pressure from Western sanctions, people are looking for other ways without the green gold. The Chinese in particular can no longer be stopped. A think tank from Beijing trumpets: The yuan should be based on a basket of currencies - away from the dollar!
The China Finance 40 Forum group, an elite group of regulators and financial experts, is giving its government a warning: "Don't be intimidated by Trump's tariffs!" The strong dollar and tariffs could restrict China's monetary policy space. So the motto is: Get out of the dollar and into flexibility - that could give China's economy a good dose of tailwind. For more information, see the latest coverage on watcher.guru.