Former President Donald Trump Likens US Losing Currency War Against China to America Losing a World War

0 0

Former US President Donald Trump Says Dollar Losing Currency War With China Would Be Like America Losing a World War

knife

Former U.S. President Donald Trump has warned that the U.S. losing a currency war against China would be like America losing a world war. “We’ll be a second-tier country,” Trump cautioned, adding that the U.S. dollar is “what makes us powerful and strong.”

Donald Trump on US-China Currency War

Former President Donald Trump warned in an interview with Fox News, aired Wednesday, that China pushing a large portion of the world off of the dollar standard would be the equivalent of America losing a world war.

“Iran gets together with Saudi Arabia through China. And China is taking over … And, I heard a couple of people say, ‘Well, we’ll never lose a dollar standard.’ Are they kidding?” he said, elaborating:

China wants to change the standard, the currency standard. And if that happens, that’s like losing a world war. We’ll be a second-tier country.

In addition, the former U.S. president explained that Western countries have already lost Brazil to Chinese influence and are on the verge of losing Colombia within their own hemisphere. He further mentioned that Iran and Russia have already aligned themselves with China.

Trump proceeded to comment on France’s relationship with China and a recent meeting between French President Emmanuel Macron and Chinese President Xi Jinping, reiterating:

What’s going on? We’re losing. If we lose our currency — that’s the equivalent of losing a world war. Our currency is what makes us powerful and strong.

The former president insisted that had Macron made his overtures to China while he was in the White House, he would have contacted the French president and threatened him with economic consequences, such as limiting the import of French wine as a penalty.

According to Trump, all countries are difficult to deal with because they want to take advantage of the U.S. “They’re all difficult because every country rips us off. But France is in particular very difficult,” he stated.

The former U.S. president revealed that he personally got on the phone with the French and threatened to impose 100% tariffs on champagne in response to France’s plan to tax American companies. “I get a call back 15 minutes later,” Trump further shared, adding that the French told him: “We’ve decided we’re not going to charge American companies.” However, the former president noted: “But you know what happened once I left, now they’re charging them.”

Last week, Trump warned that China is trying to replace the U.S. dollar as the number one currency throughout the world, predicting that under the Biden administration, they will “probably” succeed. “This would be the biggest defeat for our country in its history,” he stressed.

Do you agree with former U.S. President Donald Trump? Let us know in the comments section below.

Leave A Reply

Your email address will not be published.

bitcoin
Bitcoin (BTC) $ 26,915.21
ethereum
Ethereum (ETH) $ 1,879.37
tether
Tether (USDT) $ 0.998673
bnb
BNB (BNB) $ 305.23
usd-coin
USD Coin (USDC) $ 0.997201
xrp
XRP (XRP) $ 0.515012
staked-ether
Lido Staked Ether (STETH) $ 1,878.09
cardano
Cardano (ADA) $ 0.373667
dogecoin
Dogecoin (DOGE) $ 0.071756
solana
Solana (SOL) $ 21.02
matic-network
Polygon (MATIC) $ 0.896974
tron
TRON (TRX) $ 0.076267
litecoin
Litecoin (LTC) $ 93.42
polkadot
Polkadot (DOT) $ 5.22
binance-usd
Binance USD (BUSD) $ 0.999168
shiba-inu
Shiba Inu (SHIB) $ 0.000008
avalanche-2
Avalanche (AVAX) $ 14.34
dai
Dai (DAI) $ 0.998098
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 26,945.22
uniswap
Uniswap (UNI) $ 5.04
leo-token
LEO Token (LEO) $ 3.60
chainlink
Chainlink (LINK) $ 6.36
cosmos
Cosmos Hub (ATOM) $ 10.51
okb
OKB (OKB) $ 45.92
monero
Monero (XMR) $ 146.27
ethereum-classic
Ethereum Classic (ETC) $ 17.97
the-open-network
Toncoin (TON) $ 1.72
stellar
Stellar (XLM) $ 0.091762
bitcoin-cash
Bitcoin Cash (BCH) $ 113.84
filecoin
Filecoin (FIL) $ 4.89
internet-computer
Internet Computer (ICP) $ 4.76
true-usd
TrueUSD (TUSD) $ 0.998806
lido-dao
Lido DAO (LDO) $ 2.28
aptos
Aptos (APT) $ 9.01
quant-network
Quant (QNT) $ 118.17
hedera-hashgraph
Hedera (HBAR) $ 0.050398
arbitrum
Arbitrum (ARB) $ 1.22
crypto-com-chain
Cronos (CRO) $ 0.05924
near
NEAR Protocol (NEAR) $ 1.59
vechain
VeChain (VET) $ 0.019856
the-graph
The Graph (GRT) $ 0.131614
apecoin
ApeCoin (APE) $ 3.10
algorand
Algorand (ALGO) $ 0.150406
the-sandbox
The Sandbox (SAND) $ 0.558827
paxos-standard
Pax Dollar (USDP) $ 0.998719
frax
Frax (FRAX) $ 0.997277
edgecoin-2
Edgecoin (EDGT) $ 1.00
eos
EOS (EOS) $ 0.902442
elrond-erd-2
MultiversX (EGLD) $ 37.45
rocket-pool
Rocket Pool (RPL) $ 49.11
render-token
Render (RNDR) $ 2.58
aave
Aave (AAVE) $ 63.62
optimism
Optimism (OP) $ 1.42
fantom
Fantom (FTM) $ 0.317931
decentraland
Decentraland (MANA) $ 0.480197
theta-token
Theta Network (THETA) $ 0.849704
blockstack
Stacks (STX) $ 0.610155
tezos
Tezos (XTZ) $ 0.899427
rocket-pool-eth
Rocket Pool ETH (RETH) $ 2,019.03
axie-infinity
Axie Infinity (AXS) $ 7.01
immutable-x
ImmutableX (IMX) $ 0.762562
havven
Synthetix Network (SNX) $ 2.36
flow
Flow (FLOW) $ 0.727858
usdd
USDD (USDD) $ 0.998408
bitdao
BitDAO (BIT) $ 0.500372
neo
NEO (NEO) $ 10.31
gala
GALA (GALA) $ 0.029928
kucoin-shares
KuCoin (KCS) $ 7.37
whitebit
WhiteBIT Token (WBT) $ 4.89
radix
Radix (XRD) $ 0.068597
curve-dao-token
Curve DAO (CRV) $ 0.841309
bitget-token
Bitget Token (BGB) $ 0.471216
injective-protocol
Injective (INJ) $ 7.99
bitcoin-sv
Bitcoin SV (BSV) $ 32.41
gatechain-token
Gate (GT) $ 4.34
maker
Maker (MKR) $ 661.95
conflux-token
Conflux (CFX) $ 0.284212
klay-token
Klaytn (KLAY) $ 0.184534
gemini-dollar
Gemini Dollar (GUSD) $ 1.00
bittorrent
BitTorrent (BTT) $ 0.00000058285616
iota
IOTA (MIOTA) $ 0.197715
kava
Kava (KAVA) $ 1.00
chiliz
Chiliz (CHZ) $ 0.10148
pepe
Pepe (PEPE) $ 0.000001
casper-network
Casper Network (CSPR) $ 0.04688
pax-gold
PAX Gold (PAXG) $ 1,967.62
tokenize-xchange
Tokenize Xchange (TKX) $ 6.35
xdce-crowd-sale
XDC Network (XDC) $ 0.035922
sui
Sui (SUI) $ 0.938885
terra-luna
Terra Luna Classic (LUNC) $ 0.000085
compound-ether
cETH (CETH) $ 37.79
mina-protocol
Mina Protocol (MINA) $ 0.536482
tether-gold
Tether Gold (XAUT) $ 1,961.00
gmx
GMX (GMX) $ 55.17
huobi-token
Huobi (HT) $ 2.96
frax-share
Frax Share (FXS) $ 6.59
dash
Dash (DASH) $ 42.06
ecash
eCash (XEC) $ 0.000024
trust-wallet-token
Trust Wallet (TWT) $ 1.07
frax-ether
Frax Ether (FRXETH) $ 1,879.84