The decoupling of the world’s two largest economies would fuel the emergence of a bipolar world order led by rival hegemons, fragmenting the trade and financial system that has underpinned the global economy for decades. Photo: Reuters
Opinion
Opinion
The View
An attempt to freeze China out of the US dollar system will hasten decoupling, but not to America’s advantage
- The reported US plan to target China in a financial war, if put in motion, would be the latest Trump move to leverage the US dollar’s privileged position to advance geopolitical objectives. It would deepen mistrust of the US and hasten the search for an alternative financial system
The decoupling of the world’s two largest economies would fuel the emergence of a bipolar world order led by rival hegemons, fragmenting the trade and financial system that has underpinned the global economy for decades. Photo: Reuters