How Trump Is Accelerating the Death of the Dollar 💸🇺🇸

The U.S. dollar has been the world’s dominant reserve currency for decades, but that dominance is now under serious threat. And while de-dollarization has been in motion for years, Trump’s policies—both past and present—are pushing the global financial system even closer to abandoning the dollar.

Here’s how Trump is accelerating the dollar’s decline:

1. Weaponizing the Dollar Has Backfired

Trump’s aggressive use of economic sanctions—especially during his presidency—forced countries to seek alternatives to the U.S.-controlled financial system. Nations like China, Russia, and even U.S. allies started working on alternatives to SWIFT (the global financial messaging system), reducing their dependence on the dollar. Now, in 2024, the movement has only gained momentum, with more countries trading in local currencies.

2. His Trade Wars Drove Countries Away from the Dollar

Trump’s tariffs and trade wars created a new era of global economic fragmentation. China, for example, accelerated deals with other BRICS nations to trade in yuan instead of dollars. The more Trump alienates trading partners, the less incentive they have to rely on a U.S.-centric financial system.

3. A Second Trump Term Would Mean More Isolationism

If Trump returns to the White House, his “America First” agenda could further isolate the U.S. from global financial markets. Allies in Europe and Asia are already hedging their bets by diversifying reserves away from the dollar. His hostility toward institutions like NATO and the WTO makes U.S. influence weaker, and with it, the dollar’s global appeal.

4. Skyrocketing Debt & the End of Fiscal Responsibility

Trump oversaw massive government spending, and despite his claims of being a businessman, his policies contributed to record deficits. If he gets back in power, his tax cut promises, reckless spending, and potential economic turmoil could further erode confidence in the U.S. financial system. The more reckless the fiscal policy, the weaker the dollar becomes.

5. BRICS+ and the Rise of Alternative Currencies

During Trump’s presidency, BRICS nations (Brazil, Russia, India, China, South Africa) started actively working on ways to bypass the dollar. That momentum hasn’t slowed. In fact, Saudi Arabia—the backbone of the petrodollar system—has been deepening ties with China. If oil starts being priced in yuan or a BRICS-backed currency, it could be game over for the dollar’s global supremacy.

The Bottom Line

Trump didn’t start the de-dollarization movement, but his policies have turbocharged it. If he wins in 2024, we could see an acceleration of nations moving away from the dollar, weakening its purchasing power, and increasing economic volatility in the U.S.

A post-dollar world is no longer a distant theory—it’s happening. And Trump is only making it happen faster.