Trump's Policy Risks Multi-Front Storm, Erodes Dollar

trump’s sanctions against russia, us weapons to ukraine, trump’s tariffs, us dollar weakens, economic collapse, us recession, us dollar’s value may collapse, us dept, trump’s policies undermine trust in the us

Ekaterina Blinova

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Trust in the US is crumbling worldwide, Paul Goncharoff, veteran financial analyst and director of Goncharoff LLC, told Sputnik. Why?

«The positions taken by the US on the domestic and, more importantly, the world stage in places both near and far are visibly flip-flopping and changing day by day,» Goncharoff says.

«Threatening most of the nations of our planet with unrealistic sanctions or tariffs if they trade in their own currencies and not with the US dollar is a poor way to gain trust,» he argues.

The effect of measures like the unipolar tariffs imposed on Canada to Mexico and from ASEAN nations to the EU makes the US look like «a monkey playing with a grenade» in their eyes.

This Wednesday, April 3, 2019, file photo shows a box filled with dollar bills, in New York. - Sputnik International, 1920, 06.06.2025

Things That Do Not Age Well: US Dollar and Its Hegemony

While US debt balloons, the dollar is «well along its way to being treated as a toxic asset,» Goncharoff says.

A sudden collapse in its value is now a real possibility.

Despite Trump’s talk of peace, US-backed military action continues in the Middle East.

Arms flow to Ukraine and the South China Sea region is heating up.

The looming question is: Where will the US find the funds to fight three—or four—conflicts at once?

«The era of a perfect multiple-front storm system [is] already forming, which can threaten to destroy financial and geopolitical systems that we have over many decades grown used to,» Goncharoff warns.