The US dollar’s dominance as the world’s ulitmate safe-haven currency is being “shaken and severely tested,” warns the CEO of global financial advisory giant, deVere Group. Nigel Green says that President Trump’s erratic policy decisions—tariffs, geopolitical clashes, aggressive deportations, and radical interventions with Musk’s Department of Government Efficiency—are accelerating the global shift away from the dollar. Investors are scrambling for alternatives, and the consequences could become permanent. “The dollar has long been the anchor of global finance, but Trump’s actions are eroding confidence at a stunning pace. The world is watching the US turn inward with protectionism, trade wars, and erratic diplomacy. “The market response is already in motion. The dollar has slumped to a four-month low, despite Trump’s rhetoric that tariffs would ‘make America stronger.’ “Instead, the world is
Tag Archives: TrumpPolicies
Jan
Forget the EV tax credit. Rivian founder and CEO R.J. Scaringe is far more concerned about another threat from President Donald Trump: tariffs. “It has, in some ways, bigger implications, far bigger, than what happens with the IRA tax credits,” Scaringe told reporters last week, referring to the 2022 Inflation Reduction Act, which contains pro-EV policies that Trump has attacked time and time again. “There’s not a car company in the world that’s not thinking about moving supply chains around right now,” Scaringe said. More From Our Chat With Rivian’s CEO Trump plans to slap 25% tariffs on imports from Mexico and Canada on February 1, in an attempt to pressure those governments into preventing the flow of drugs and undocumented immigrants into the U.S. But it’s American consumers and