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Amid the ongoing de-dollarization efforts embraced by the BRICS alliance, experts have begun to state that the US dollar’s days as a global reserve asset may be numbered. Although the currency is at a new record high, economists have noted things do not look as promising in the long term. Analysts and experts have gathered at the World Economic Forum in Davos, Switzerland. It was there that US President Donald Trump, inaugurated Monday, noted the United States would be the “world capital” of both AI and crypto. Those efforts may come to fruition, but the nation is clearly losing ground regarding its greenback as the world’s currency. Also Read: BRICS: China Breaks Silence on US Tensions, Trump Tariff Threat US Dollar Dominance Coming to an End? Why Economists Aren’t Keen on Its Long-Term Outlook The geopolitical tensions over the US dollar have reached a fever pitch in recent years. The BRICS alliance has continued to seek ways to promote local currencies i...

Over teh last two years, the BRICS economic alliance has sought to lessen its reliance on the US dollar. Although the previous Biden administration had been content with this going unchecked, that changed drastically with a new President. Yet, his challenge has drawn some criticism. Specifically, amid BRICS opposition, economists have warned that Donald Trump’s 100% tariff threats could be the most effective de-dollarization plan. Prior to his inauguration this week, Trump noted he was looking to retaliate against efforts to lessen the international prominence of the US dollar. “If BRICS nations want to do that, that’s okay,” he said. “But we’re going to put at least a 100% tariff on the business they do in the United States.” Yet, experts have warned that could come with dire ramifications. Source: Reuters / Kevin Lamarque / Pool Also Read: BRICS: China Breaks Silence on US Tensions, Trump Tariff Threat Trump Could Be Greatest Force for De-Doll...