Russian Foreign Ministry Spokeswoman Maria Zakharova said on Tuesday that the US is unable to comprehend the reality that the dollar is declining. The dominance of the US dollar is eroding, and President Trump is pulling every string to get things right. From imposing sanctions to pressing tariffs and igniting trade wars, the White House is trying every trick in the trade.
Emerging economies have already made up their mind to de-dollarize, and there’s nothing the US can do about the development. Tariffs are not the solution, and the White House cannot force its way in the long term. They will eventually enter fight or flight mode and do things that favor their economy. Americans need to wake up to the reality that the US dollar’s hegemony is indeed declining globally.
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The World Has Accepted That the US Dollar is Declining, Except in the US
The rest of the world has accepted the declining force of the dollar, except the US. America is “unable to accept the erosion of its dominance in an emerging multipolar international order. Washington continues to pursue a neocolonial agenda, employing politically motivated economic pressure against those who choose an independent course on the international stage,” said Zakharova.
The spokesperson put it in perspective that de-dollarization is as natural as apple pie, calling it a completely natural phenomenon. The declining US dollar is a boon for emerging economies. “Nonetheless, we firmly believe that no tariff wars or sanctions can halt the natural course of history. We are supported by a vast number of partners, like-minded states, and allies, particularly among the countries of the Global South who share this perspective,” she said.
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Emerging economies have also called for buying and producing local products to not feed the US machinery. If implemented into law, the declining supremacy of the US dollar will only hamper the American economy. However, chances of that happening remain slim as the world needs American products, which include science and technology.
