5 years ago
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Donald Trump’s foreign policy is putting the dollar at risk
President Donald Trump’s “America First” foreign policy could hurt the dollar’s global primacy, according to global business leaders and the European Union’s top diplomat. Larry Fink, who runs Blackrock, the world’s biggest money manager, was asked about risks to the finance industry at a forum taking place alongside this week’s United Nations General Assembly. Fink cited the US move “from multilateralism to unilateralism” that “could lead to a deep desire to get another payment system.”
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This is nothing new. Trump may accelerate this trend, but it was well under way before this catalyst.