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The other major change is that under the current administration America has been pointing its financial weapons at allies as well. That’s the major change the
by thawaway1837 7y ago
The other major change is that under the current administration America has been pointing its financial weapons at allies as well.
That’s the major change the article is talking about, without being fully explicit about it. Russia and China have been wanting to move away from the dollar for over a decade.
It’s the fact that the EU now also wants to do so that has changed.
The greatest long term impact of Teump’s Iran policy will likely be the creation of Instex (or more relevant, whatever follows it) that will help the EU and Asian countries move away from the US as the center of the financial world.