Former President and Republican candidate Donald Trump announced future sanctions for countries supporting de-dollarization. At a rally held in Wisconsin, Trump declared: “You leave the dollar, and you’re not doing business with the United States because we are going to impose a 100% tariff on your goods.” These statements come months after reports indicated that Trump’s advisers were examining several strategies to deter other nations from abandoning the U.S. dollar, including export controls and currency manipulation charges. Trump concluded by reinforcing his desire for the dollar to remain the world’s reserve currency.

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