10 U.S. Sectors To Be Affected If De-Dollarization Advances
The phenomenon of de-dollarization is truly a force to reckon with. Over the decades, many countries have been noted for vying for a multipolar narrative, promoting the usage of local currency to rival the US dollar. They have been doing so to end the dollar hegemony on a global plane, tired of its weaponization and volatile onslaughts. With Trump floating plans of imposing tariffs on imports, the world is now standing at a precipice, deciding whether to ditch this phenomenon or continue to bank on the de-dollarization wave. Also Read: Will Bitcoin (BTC) Hit $110K Before Donald Trump Takes Office? Can Trump Stop De-Dollarization? Source: NBC News President-elect Donald Trump has vowed to end de-dollarization. Trump has issued official orders, imposing 100% tariffs on nations that are ditching the greenback actively. This ordeal is poised to backfire as countries may now actively look for US dollar alternatives to evade the hefty tariff restrictions. Other than that, the stark US dollar...