Donald Trump has jumped straight into action as the defender of dollar power, training some heavy fire on an enemy that barely even exists.
The president-elect’s recent salvo against the BRICs group of emerging economies was a signal he’ll move aggressively to protect the greenback’s status as the world’s premier money. Any nation that abandons it can forget about selling anything to the US and find another “sucker” to trade with, Trump said.
The bellicose approach, many analysts say, is more likely to incentivize workarounds to the dollar system – which haven’t made much headway so far – than to ...
