[BeauBo]

This would hit harder and faster than the tariffs.

It is a real vulnerability of the ChiComs. They need hard currency to buy the imports that they massively are dependent upon - fuel, food and minerals

[fella]

This is not a problem for the ChiComs. They and their puppet Norks have been printing our money for years.

[EagleUSA]

Some of this idea could go full circle if they need hard U.S. greenbacks to purchase our goods...

[Tai_Chung]

This is excellent.

At the same time, we push them hard to honor the trade deal or we force them to lose the US market.

[ConservativeInPA]

Let’s see how cutoff they really get. It is no big deal to move money to another another country and trade from that country into whatever currency they want. I suspect this requires the cooperation of all countries that have a major currency to truly cut them off.

[Starcitizen]

Faster.

[NorseViking]

It would hit dollar as hard if not worse. Do you think they’d stop trade as a result? There is yuan, euro and other currencies for that matter.

[jmacusa]

I’m praying for The Three Gorges Dam to bust. Man that’ll be the end of the CCP.

[Night Hides Not]

I don’t think LeBron was in favor of this legislation.

[tallyhoe]

Do it! Also recognize Taiwan as a country in the United Nations!!

[USS Alaska]

"In the worst-case scenario, Chinese companies that do business overseas could become unable to transfer U.S. dollars," said Takahide Kiuchi, executive economist at Nomura Research Institute. "Chinese trade would naturally be diminished.".

Wrong, BEST CASE scenario.

The chi-coms are prolific counter fitters of US currency and will continue to rapidly print.

Our feds should be on the look out {or the take} for this event.