‘The damage is done’: Tariffs put the dollar’s global reserve status at risk | The Guardian
https://www.theguardian.com/business/2025/apr/11/the-damage-is-done-trumps-tariffs-put-the-dollars-global-reserve-status-at-risk
‘The damage is done’: Tariffs put the dollar’s global reserve status at risk | The Guardian
https://www.theguardian.com/business/2025/apr/11/the-damage-is-done-trumps-tariffs-put-the-dollars-global-reserve-status-at-risk
39 comments
77 Million Americans are to blame – Trump straight up said what he intended to do. But 66 Million of them will find a way to blame Biden, Obama, Clinton – the Fox News brain rot is real.
Splat ——— The sounds of economists the world round doing face plants.
This isn’t world economies losing trust in Trump so much as it is a loss of trust in the American electorate’s ability not to be tricked into electing just about anybody, so long as their bigotry and imperialistic desires are pandered to.
There is something that no one is talking about which would play into the Russia and US ties with this administration. Russia is a war economy shifted heavy into industrialization. If peace happens, then what could happen with the US-China trade war is that the US gets manufactured goods from Russia. Russia would piggyback on the US economy like China did.
If he has only surrounded himself with people that say yes to everything he asks for, chances are no in his circle is telling him he is doing a bad job.
> “The damage has been done.”
Seriously, it’s incredibly worrisome, and it’s pretty clear this isn’t just some minor hiccup in the global economy, the whole system feels precarious now, and, frankly, it makes you wonder what else is coming… It’s unsettling, to say the least, and it’s not something anyone should take lightly.
It puts a lot more than that at risk.
I’m a Canadian currently traveling in Europe.
I knew Canadians were pissed at Trump’s horseshit about the 51st state. The Europeans I’ve spoken with while here are just as angry.
America’s soft power is 100% gone.
US debt can’t be sustained without the US dollar remaining the world’s reserve currency.
As a Canadian, I can say that we are not letting this go lightly. Even if Trump backs off on tariffs and never utters a word about us again, we will be looking for new trading partners and boycotting American products.
You fucked up America, and you will feel the effects of this for decades. You have proven to be an untrustworthy trade partner and ally, and that is not something that will be let go lightly.
Enjoy the isolation Americans, you voted for it.
I’m surprised there isn’t more talk about the risk to the Petro-dollar as well. The end of the USD as the buying/selling currency for oil is near.
US going the same way as his Casino’s, art of the deal!!!
the president wanted to buy cybercoins with our gold reserves, so I’d say its more than just the tariffs hes putting the reserves at risk with
Let UK Australia canada NZ to join EU and make euro the world reserve currency
Yup, multiple major powers have been looking for an opportunity to get rid of the dollar as their primary reserve currency but based on the stability of the dollar it was impossible.
But thanks to Trump, the dollar is looking worse and worse.
The economy would have been better off if Trump sat in the oval office and did nothing but smoke weed and play video games all day.
Definitely a gift to those wanting a more multi polar world
Just waiting here for OPEC to drop USD as its trading currency
They don’t care, the elite will switch to Brics and liquidate assets in different currency. Already conspiracies BRICS to be digital and replace USD and that the elite have been planning to collapse the global economy to do it. This whole sovereignty crap is a sham, the top dogs are borderless.
From the rest of the world’s perspective, why should we trust America? Even if the Democrats win in 2028, how can we believe that another Trumpite won’t come along in a few years?
The USA will never again be trusted to lead the free world in our lifetimes. That is a staggering achievement.
This isn’t necessarily entirely bad.
If the US is forced to pay ‘market rate’ on its bonds, rather than continue to milk the exorbitant privilege, it may force politicians to pay attention to the consequences of running up the deficit and take fiscal policy more seriously.
personally, i am more afraid of that not risking the global reserve status. That no matter how moronic the USA acts, it still gets all the investments, because people think its the best option in this world.
What we need is the EU using this turmoil to create a better investment environment in the EU. As in common, widespread rules, in english, with some certainty, that the rules wont change every 4 years.
Trump is a traitor. He has already done more damage to the US than anyone else in history, and this is just the beginning. It’s going to get much worse.
Donald is a damn disgrace. He’s easily the worst president to date.
As a Mexican I have to tank you in some regard, we (and the world) were living in a bubble of confort with américa on the top.
This despicable acts of disrespect remember us why we should consume local and support our local economy instead of juts buying everything on Walmart.
Well done Conservatives, well done….
What tragedy do you have for us *next* week….
All the complaining about moderate inflation for eggs. Losing confidence in a currency is a potential trigger for hyperinflation. Not the “eggs are $3 more!!” kind, the “store is no longer stocking eggs because the farms won’t sell them for half their value in a day” kind.
Not surprising as Trump has caused uncertainty in the currency and bond markets that the rest of the world no longer can trust the US with the chaotic and constant flip flopping of the Trump regime.
This uncoupling of the dollar will continue by the rest of the world and should be a wakeup call for Americans that things will be different and more expensive all due to the tantrums of an idiot President and his corrupt regime.
His WS C-suit supporters have to be really pissed off
Called it weeks ago.
Putin has to be absolutely loving this. His agent is really going for it this time.
The issue is, and always has been, the Legislature. They have been negligent in their duties for decades. They have willfully let federal regulations become outdated while simultaneously decreasing the amount of hours they are in session. Add on the fact that most of them get elected with very little opposition, we now have elderly, out of touch millionaires who are the majority in Congress. And since the government has slowly decayed, it allowed cancers like Trump into office. Just like weakling our immune system so that a dangerous disease has entry.
All communication should use Yuan, if you want this administration to lose their shit.
And the Kremlin hangs the Mission Accomplished banner.
i think we should stop complaining when he goes off to golf…
This is why China will not back down.
Can’t blame Trump for all of it, the people who put him back in deserve some credit for being brainless.
Having the dollar as the reserve currency is why boomers have so much wealth.
Having the dollar as the reserve currency is why Gen A will never own a house.
It’s because of debt borrowing.
Based on some of the stuff Elon Musk has said, I genuinely think the Americans are considering defaulting on their debt.
Trump’s legacy will be destroying US supremacy. For no reason at all.
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