U.S. Treasury Secretary: Trump calls for reflection on sanctions policy that threatens the dollar's status
ChainCatcher News, U.S. Treasury Secretary Basant stated that President Trump has requested a review of the sanctions regime that threatens the dollar's status as the reserve currency.
In an interview with Fox News, Basant said, "President Trump has directed me to reconsider the sanctions regime. For a long time, the sanctions we have been implementing threaten the dollar's status as the reserve currency." Basant pointed out that the current U.S. sanctions are forcing people to abandon the use of the dollar, and Washington plans to maximize the impact of the imposed restrictions.
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