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Reports alleging that the US government is threatening to cut off Chinese banks’ access to the dollar in an effort to derail trade between China and Russia. Could this result in China de risking by Dumping a portion of the 800 Billion US Dollars it holds in US Treasuries in Response. Below excerpt reported by Porter. T. / INSIDER (2024, April 23). The US is weighing using the power of the dollar to stop Chinese banks aiding Russia — but its plan could backfire. Yahoo News 'The US is drawing up sanctions that could cause some Chinese banks to lose access to the dollar, according to The Wall Street Journal.' 'According to Chinese customs data, trade between the two countries reached a high of $240 billion in 2023, with China becoming one of Russia's largest goods suppliers since Western companies left the Russian market after the country's 2022 invasion of Ukraine.' To read full article, click here Image by freepik Legal Disclaimer: INFYNIT is providing the content here for … Read more