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The US dollar is currently in the middle of a rapid change. There are speculations of the world ditching the US dollar for good, but the recent stats have a different story to tell. These statistics have shown how the US dollar is unbeatable, and the criticism of the dollar via rising de-dollarization drives has only made it stronger. Despite facing multiple challenges, a new data Analysis tells that the US dollar is still the most dominant currency in the world, beating its competitors in an ever more dramatic way. Also Read: De-Dollarization in Africa Is Failing as Public Wants the US Dollar The US Dollar Is Still The Reigning Currency King Source: TheUanCapital.com The US dollar is currently being heavily challenged by its competitors. But the USD peers will have to double their efforts to truly derail the USD. A recent data report shared by the Kobeissi Letter confirms how the dollar remains undefeated despite the challenges that the currency has encountered in recent times. Per t...

Trump and Starmer signed a UK tariff cut agreement on Monday at the G7 summit, creating a breakthrough in US-UK trade relations, and it’s also quite significant for both countries right now. This Starmer Trump agreement reduces British car tariffs from 25% down to 10% for the first 100,000 vehicles annually, and it also eliminates aerospace tariffs entirely. The G7 deal provides reduced import costs for key UK industries, though negotiators left steel discussions unresolved at the time of writing. Also Read: Trump’s UK Trade Deal Unlocks $5B in US Exports, Slams China How Trump’s UK Tariff Cuts Impact Trade, Brexit, and Crypto Markets Source: Les Blogs Major Automotive Relief Through Trump UK Tariff Cut Trump’s UK tariff cut specifically targets Britain’s struggling automotive sector, and it comes at a crucial time when manufacturers were facing potential 50% tariffs by July 9th. The Starmer-Trump agreement provides immediate relief for companies like Jaguar Land...

The 16th BRICS summit took place in the Kazan region of Russia this week with the participation of 40 countries in the event. The summit saw major changes with new policies, announcements, and trade deals taking place. The mock-up of a BRICS currency was gifted to Russian President Vladimir Putin indicating that the alliance is aiming to challenge the US dollar. If the new BRICS currency becomes a reality, several major sectors in the US will be severely affected. Also Read: Goldman Sachs Predicts the Future of BRICS Currency JUST IN: Russian President Putin has been gifted a mock-up of a "BRICS bill" at BRICS summit in Kazan. pic.twitter.com/gP08KKkRUy — BRICS News (@BRICSinfo) October 23, 2024 The bloc wants to use the new common currency or local currencies for trade and completely ditch the US dollar. In this article, we will highlight the top 3 major US sectors that will be severely affected if BRICS ditches the dollar for trade. Also Read: The Gloves Are Off: BRICS Is O...