Trump's tariffs turbocharge de-dollarization: World sells US dollar assets, seeking alternatives from Geopolitical Economy Report

Geopolitical Economy Report

Ben Norton

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Trump's tariffs turbocharge de-dollarization: World sells US dollar assets, seeking alternatives

35 minutes Posted May 4, 2025 at 2:00 pm.

Donald Trump's plan

(CLIP) Trump on dedollarization

(CLIP) Trump on dollar dominance

Dedollarization

BRICS

Financial markets are de-dollarizing

Blowback

Trump's "Liberation Day" tariffs

Trade war on China

US "grand encirclement" plan

China & Vietnam deepen ties

China, South Korea, Japan cooperate

Japan pushes back against USA

US bond market problems

Foreign holders of US Treasuries

China's US Treasury holdings

China is de-dollarizing

US asset seizures

China's dedollarization

Mar-a-Lago Accord means default

China de-dollarizes its reserves

Central banks buy gold

Gold price skyrockets

USD falls against yen & euro

Japanese & European bonds

Exchange rate risk

Japanese investors sell US assets

Dedollarization accelerates

Multipolar currency world

US current account deficit

Foreign holdings of US Treasuries

Scott Bessent fails to lower yields

Interest payments on US debt

Federal Reserve chair Jerome Powell

Dedollarization will continue

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Show notes

Donald Trump said he wanted to save the dominance of the US dollar as the global reserve currency, but his aggressive tariff threats and trade war are accelerating dedollarization. Countries and foreign investors are selling US stocks and bonds (Treasury securities, ie, US government debt), seeking alternative reserve assets. Ben Norton explains.

VIDEO: https://www.youtube.com/watch?v=VnWnyL3WGjg

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