Trump's Constant Tariff Threats May Usher In Rapid De-Dollarization
Donald Trump, the 47th president of the United States, has once again struck the world with a new warning. Trump, in a news conference in Miami, reiterated his call to impose taxes on other sectors, triggering market mayhem in the process. While the world is scrutinizing Trump’s tariff calls, investors can’t help but speculate whether the move will trigger the process of de-dollarization or lessen it in reality. Also Read: US Dollar Tariff Impact: Trump’s Tariff Threats Spark Major Forex Volatility Is De-Dollarization Inevitable? Source: Investopedia Donald Trump has once again unveiled plans to impose new tariffs on multiple commercial realms. In a conference in Miami, Florida, Trump shared how he plans to impose more tariffs on new sectors, possibly the realms of semiconductors, cars, lumber, and pharmaceuticals. Speaking more on the matter, Trump shared how such impositions may come as early as next month. He later shared how they may impose nearly 25% tariffs on lumber a...