Why has de-dollarisation stalled in Asia?
Apr 8, 2024
US tariffs likely to speed up de-dollarisation
The so-called ‘BRICS Bridge’ project may have stalled, but efforts to undermine the primacy of the US dollar as the world’s reserve currency have received a boost from an unlikely source; although any path to a true alternative will be long and difficult.
The tit-for-tat tariff escalation between the world’s two largest economies shows no sign of easing, with President Trump raising the levy on Chinese exports rising to 145% with China responding with the imposition of an a 125% tariff on US imports.
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