Trump calls for rethink on sanctions that threaten dollar's status: US treasury secretary
U.S. Treasury Secretary Ben Bessent said that President Donald Trump asked to rethink the sanctions regime that threatens the status of the dollar as a reserve currency. In an interview with Fox News Besant said, ‘President Trump gave me a directive to rethink the sanctions regime. For too long we have been imposing sanctions that threaten the reserve currency status of the dollar.’ Besant noted that existing US sanctions force people to abandon the use of the dollar, and that Washington plans to maximise the impact of the restrictions imposed.
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