Official announcements from the US government or related agencies

Trump Proposes 100% Tariffs on Countries Abandoning US Dollar as Reserve Currency if Elected

Oct 15, 2024, 07:23 PM

Donald Trump has announced that he would impose a 100% tariff on countries that abandon the US dollar as the world's reserve currency. This statement was made during a campaign event, where Trump emphasized the strength of the dollar and declared that if he is elected, the dollar will be more secure than ever. His remarks come amid ongoing discussions about the future of global currencies and the potential for countries to shift away from the US dollar.