Part 6/9:
Next, the discussion shifts toward the U.S. dollar's position in global trade. Despite expectations that tariffs would bolster the dollar, immediate observations indicate a weakening dollar. Sachs cites several factors contributing to this decline, including increased skepticism regarding U.S. economic leadership and the rise of alternative trading systems among nations. The use of punitive financial measures by the U.S. has led many countries to consider diversifying their currency reserves, thus gradually decreasing the dollar's prevalence in international commerce.