Features News TheBitTimes.com

De-dollarization is majorly affecting the US economy and is changing the way how the world trades. Cross-border transactions are being settled in local currencies while the US dollar is being sidelined for payment settlements. Former U.S. Congressman from Texas, Ron Paul reaffirmed that the US dollar is on its way out of the financial system as de-dollarization takes shape in 2025. The race to become the next ‘global currency’ is on and the euro and Chinese yuan are the frontrunners. Both believe that their currency is capable of replacing the US dollar and ushering the world into a new era. De-dollarization has now become a common word as ‘apples’ and there seems to be no turning back from hereon. Also Read: BRICS: 50+ Nations Now Use Yuan, Rupee, Ruble, Not US Dollar in Trade De-Dollarization: US Dollar Is on the Way Out, Says Former Texas Congressman Source: CNN Ron Paul explained that the last time a financial reset occurred, the US dollar replaced the pound ...

Since January 20, 2025, Donald Trump has been on a fierce tariff spree, deploying a variety of tariffs on countries and products on the go. His aggressive policy stance is inclined towards bolstering the US economy through extensive tariff deployment. Trump has long been portrayed as a tariff proponent, a believer in the aforementioned policy to track and lower trade deficits. Here’s a complete list of trade tariffs that Trump has imposed on countries and products as of now. Also Read: Metaplanet’s Bitcoin Pivot Propels Stock to 3,600% Surge in 12 Months Trade Tariffs On Nations Source: Axios Trump has imposed tariffs on a variety of new arenas, on nations and products, in his effort to prioritize the US economic welfare. 1. Mexico and Canada Trump has imposed 25% tariffs on Mexico and Canada. Both nations have always been key traders of the US. The tariffs were primarily imposed to curb illicit fentanyl and migrant trafficking into the US. These tariffs, however, are currently on...

US President Joe Biden announces that his top economic advisor is set to leave the White House today. Indeed, Gene Sperling is reportedly leaving the administration in order to help Vice President Kamala Harris’ presidential campaign. Sperling is looking to help Harris overcome Donald Trump heading into the November elections. The move comes at a rather surprising time. Concerns over a potential recession in the United States have driven panic in global markets. Both Taiwan’s and Japan’s stock markets have suffered their largest losses since 1967 and 1987, respectively. JUST IN: President Biden's senior economic advisor, Gene Sperling, to leave the White House today. pic.twitter.com/WoVPyFa9LX — Watcher.Guru (@WatcherGuru) August 5, 2024 Also Read: U.S. Dollar Rises After Joe Biden Ends Presidential Campaign White House Loses Top Economic Advisor Amid Market Crash The first Monday in August has arrived with turmoil for the global finance sector. Stock market...

Once considered one of the strongest currencies to ever exist, the US dollar now stands at a precarious threshold. The currency is now attracting stiff competition from the rising world order, standing in the middle of a possible financial revolution. With concepts like dual and multipolar currencies flourishing in space, the US dollar is now inching closer to its potential collapse. As US debt metrics continue to swell, the looming questions persist. How will the US economy handle the brewing pressure without injuring the USD’s prestige and repute in the process? Also Read: Gold & Bitcoin: Dual Currency Contenders To Bring Down The US Dollar? 3 Reasons Why the US Dollar Is On Verge Of A Collapse Source: News.Bitcoin.com The Rise of the Dual Currency Concept The world is currently witnessing a novel currency shift. Countries are now opting for regional currencies to boost and accelerate their commercial proceedings. Nations have also started to decrease th...