Under Donald Trump, the era of the US dollar is waning

America has long used the global dominance of the US dollar as a weapon against its rivals. However, the country, which has become increasingly unstable under Donald Trump, is now using the same tricks on its allies; This means that discussions about “de-dollarizing” the global economy are growing louder than ever.

Canadian Prime Minister Mark Carney said: At the World Economic Forum At Davos this year, he said “financial infrastructure as coercion” was one of the new weapons used by major powers. He added that middle powers will need to counter these powers as we move towards a multipolar world.