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Podcast: Geopolitical Economy Report
Episode: Trump's tariffs turbocharge de-dollarization: World sells US dollar assets, seeking alternatives
Description: 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
Topics
0:00 Donald Trump's plan
0:24 (CLIP) Trump on dedollarization
0:51 (CLIP) Trump on dollar dominance
1:23 Dedollarization
2:00 BRICS
2:48 Financial markets are de-dollarizing
4:11 Blowback
5:06 Trump's "Liberation Day" tariffs
5:25 Trade war on China
5:49 US "grand encirclement" plan
6:35 China & Vietnam deepen ties
7:11 China, South Korea...