https://www.taxtmi.com/news?id=41350 A sharp dollar sell-off tied to tariff policy and political unpredictability signals an erosion of global confidence that threatens the dollar's privileged role as the dominant international medium of exchange and safe-haven asset. This loss of trust would raise borrowing costs for the US government, consumers and businesses, push up import prices already affected by tariffs, and encourage market participants to seek alternative settlement currencies and financing arrangements, including bilateral non-dollar trade and digital assets, thereby creating a pathway for gradual diminution of dollar dominance. en-us Fri, 18 Apr 2025 16:01:03 +0530 Fri, 18 Apr 2025 16:01:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=41350 A sharp dollar sell-off tied to tariff policy and political unpredictability signals an erosion of global confidence that threatens the dollar's privileged role as the dominant international medium of exchange and safe-haven asset. This loss of trust would raise borrowing costs for the US government, consumers and businesses, push up import prices already affected by tariffs, and encourage market participants to seek alternative settlement currencies and financing arrangements, including bilateral non-dollar trade and digital assets, thereby creating a pathway for gradual diminution of dollar dominance. News - Fri, 18 Apr 2025 16:01:03 +0530 https://www.taxtmi.com/news?id=41350