Its far too late. Biden made a huge mistake in weaponizing the dollar and using it as a tool of American foreign policy to excercise control over other countries.
Large countries with rapidly growing economies who value their independence are now left under no illusion that dependence on the dollar means kowtowing to Washington.
There was a time when the US accounted for almost half the world’s gdp during the postwar period and could throw its weight around with impunity, but those days are long over and they aren’t coming back, no matter how successful Trump is in boosting America’s economy. America’s proportion of the total world economic output is inevitably going to shrink relative to the likes of Brazil, China and India grow their economies to the point where they cannot simply be pushed around by the US threatening tarriffs and sanctions because US consumer markets will not be as all important to them as they are now.
“Its far too late. Biden made a huge mistake in weaponizing the dollar and using it as a tool of American foreign policy to excercise control over other countries. Large countries with rapidly growing economies who value their independence are now left under no illusion that dependence on the dollar means kowtowing to Washington.”
Yep, Biden’s people went for broke by weaponizing the US Dollar (funny the support Biden’s polices get here, LOL), and now ANY COUNTRY that thinks they can use the US Dollar and be safe from American bullying is no longer under that delusion, and will respond accordingly.