Tuesday, November 24, 2020

Tag: Is Trump Reversing Course on China Relations Because Beijing is Working with …

Is Trump Reversing Course on China Relations Because Beijing is Working with Saudi Arabia to End the Petrodollar?

by Kenneth Schortgen, The Daily Economist:
Donald Trump’s talk of economic sanctions against China and the selling of arms to the Far East power’s nemesis Taiwan on June 30 indicate a sudden shift away from the apparent gains made between himself and China’s Xi Jinping earlier this year. But according to a report out today from Sputnik News, the President’s actions may be tied to much more than a simple trade war, or concerns over North Korea.

In fact, the issue at stake may be the fate of the dollar remaining as the world’s reserve currency.