How Trump's Policies Fuelled De-Dollarization & BRICS Rise ?
Have “Trump’s 'policies pulled the U.S. back from global leadership ?
Aggressive Tariff War: Trump imposed tariffs even on U.S. allies — making the world rethink their reliance on the dollar for trade.
U.S. Debt + Trump's Policies : Massive Unfunded Tax Cut + Military Spending = Huge deficit. Shaking the Investors Confidence in U.S. Fiscal Discipline.
Weaponizing the Dollar: Trump Overused the Dollar As a Sanctions Weapon - triggering fears of dollar dependency worldwide.
Abandoning Global Institutions: WHO, UNESCO, COP( Climate Accord), The WTO" Norms. “Trump undermined institutions that support dollar dominance — and even threatened NATO withdrawal.”
Encouraged BRICS Currency Concept: By pushing countries into economic corners. He United Anti-Dollar Sentiment. Gave Momentum to BRICS currency proposal to rival the Dollar.
Multi[ple Trade War at once: China Trade War, With Large Emerging economies- India, Brazil, Tariffs on European Union. Led them to think future of the dollar as a neutral trade currency ?
Trump's Billionaire personality: Compromise Diplomatic gesture and courtesy. Lack Mutual respect to other leaders.- weakening U.S. soft power and alliances.
However, Trump doesn't directly destroying Dollar dominance but he sparked a global shift to escape it. His unpredictable & unstable policies - made the world to Rethink Trade system in Post - Dollar world.