In a recent interview on the All-In Podcast YouTube channel, former President Donald Trump expressed his concern that the United States is losing its influence on the global stage, particularly as more countries distance themselves from the dollar. Trump emphasized the advantages of tariffs, stating that they not only provide economic benefits but also political leverage, especially in dealing with countries that are out of control. He warned that the loss of countries using the dollar could have serious consequences, equating it to losing a war and potentially leading the US to become a third-world country.

Highlighting the severity of the situation, Trump named countries such as Russia, Ukraine, China, Iran, and Saudi Arabia, which are either no longer using the dollar or are exploring other currencies. He lamented the trend of de-dollarization and its potential impact on the US, calling it a tragedy that must be prevented.

The concerns raised by Trump are not unfounded, as reports have emerged indicating that Russia and Islamic nations have discussed creating an independent financial system to move away from the dollar. Additionally, major banks like JPMorgan have warned that the trend of de-dollarization is gaining momentum, with central banks worldwide reducing their US dollar holdings.

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