For years, the crooked Biden regime allowed China to dictate trade policies. Weak and senile Joe has no balls to stand up against Xi Jinping and his communist minions, leading to the further weakening of the US dollar in the international scene.
On Saturday, President Donald Trump warned that he would make it difficult for any country that shuns away from dollars to do business in the US.
Video by Nicholas Pagnotta.
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“You leave the dollar and you’re not doing business with the United States because we are going to put a 100 percent tariff on your goods,” the Republican presidential nominee said at a rally in the battleground state of Wisconsin.
His statement comes after consultations between the former president and his advisers on various ways to strengthen the US dollar destroyed by the corrupt left.
In a report from Bloomberg News, Trump also weighs to implement export controls and currency manipulation charges, aside from tariffs, should he be reelected.
During an event at the Economic Club of New York, the Republican presidential nominee also pointed out how the corrupt Kamala and Joe Biden tandem wrecked US dollar dominance in their four years in the position.
Last year, several countries shared their plans to do away with US dollars and join BRICS.
According to South Africa’s foreign minister Naledi Pandor, Saudia Arabia, United Arab Emirates, Egypt, Algeria, Argentina, Mexico, Nigeria, and other nations have expressed their intent to acquire membership in the anti-American alliance.
The international community blatantly disrespects the US because of Joe Biden’s weakness — thus leading our longtime allies to back away and align with Xi Jinping.
Saudi Arabia declared in 2022 that they are considering accepting the Chinese yuan instead of the US dollar in their successive trade transactions.
The incumbent vacation-in-chief deliberately allowed the 5-decade-old petrodollar treaty between the US and Saudi Arabia to lapse.
Tip Ranks explained that ‘petrodollar’ is coined to portray the use of the US dollar on crude oil trade in the international market.
The agreement was closed during the 1973 oil crisis, where a portion of the deal highlights the exclusive US dollar in pricing its oil exports and investing surplus oil revenues in US Treasury bonds. In exchange, the US will provide military support to Saudi.
The deal created a favorable situation for both countries as the US gained a stable oil supplier while Saudi Arabia secured its economy and internal security.
However, this is all gone now, thanks to Old Joe.
With the petrodollar agreement terminated, the US dollar weakened further, including our financial markets.
