Commentary
Former President Donald Trump has expressed concern that China could displace the U.S. dollar as the global reserve currency. The warning follows reports of agreements between various nations to use the yuan in commodity transactions.
Chinese 100 yuan notes and one US dollar notes in Beijing on Jan. 6, 2017. Fred Dufour/AFP via Getty Images
Daniel Lacalle
Author
Daniel Lacalle, Ph.D., is chief economist at hedge fund Tressis and author of the bestselling books “Freedom or Equality” (2020), “Escape from the Central Bank Trap” (2017), “The Energy World Is Flat” (2015), and “Life in the Financial Markets.”
