There's a decent chance that lots of new trade deals get cut that bypass the dollar. John Ribino: The U.S. could try to impose its will with sanctions or kick them out of the banking system for international settlement. But that's going to be kind of hard to do with literally half the world on the verge of joining a coalition, he says.
Several countries have agreed to ditch the US dollar in their trade deals instead moving to establish the Chinese yuan as the dominant international currency. In this episode we talk with an expert about the effort to move away from the U.S. dollar as the world’s reserve currency and what it means to the US and world economies. Get the facts first on Morning Wire.
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