The dollar is in trouble. This fact is becoming harder to ignore. Last week, President Trump threatened to impose additional tariffs on the BRICS alliance, which includes China, Russia, and India, if they moved forward with their plans to launch a new currency. But it isn’t clear if the president is training his fire in the right direction. In mid-June, European Central Bank President Christine Lagarde declared that “the dominant role of the US dollar… is no longer certain” and that it was time to launch the euro as a truly global currency.
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