If China Ditches Dollar Amid 'Emerging New Trade Order,' Consequences for US 'Could Be Stark'

May 7th 2023 6:54am EDT

A growing number of countries are opting to diversify settlement currencies, stepping away from only using the “US-weaponized” dollar, or ditching it altogether in favor of the yuan, the increasingly internationalized currency of China – a top trading partner of more than 140 countries.

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