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Trump Pledges to Quickly Lift Sanctions on Russia and Iran, Citing Dollar Weakness at Economic Club of New York

Sep 6, 2024, 03:56 PM

Former President Donald Trump has announced his intention to lift US sanctions on Russia and Iran quickly, arguing that the economic restrictions are weakening the US dollar. Speaking at the Economic Club of New York, Trump emphasized the importance of using sanctions intelligently to ensure the US dollar retains its status as the world reserve currency. Trump stated that sanctions on countries like Russia and Iran are counterproductive and could lead to the US losing its economic dominance, which he equated to losing a war. He also mentioned that China is attempting to make its currency the dominant global currency.