levy double-digit tariffs<\/a> on eight European countries for their opposition to his threatened seizure of Greenland, a semi-autonomous territory of Denmark, market players have been voting with their feet.<\/p>\nAkademikerPension, a Danish pension fund for educational professionals, announced plans to divest from US Treasuries, and Greenland\u2019s SISA Pension fund is also reportedly weighing a pullback from US assets.<\/p>\n
While those withdrawals would represent a drop in an ocean worth trillions of US dollars, analysts said Trump has opened a Pandora\u2019s box. They warned distrust from US allies \u2013 compounded by persistent de-dollarisation endeavours by China and some emerging markets \u2013 could snowball, eventually straining cross-Atlantic relations and hollowing out the pillars of US financial dominance.<\/p>\n
Concerns deepened over the long-term stability of US dollar-backed assets after comments from Trump dismissing worries about the currency’s decline, saying he \u201ccould have it go up or down like a yo-yo\u201d on Tuesday. On the same day, the US dollar index \u2013 which measures the greenback’s value against a basket of foreign currencies \u2013 fell to a four-year low.<\/p>\n","protected":false},"excerpt":{"rendered":"For decades, the US dollar has served as the currency of global reserve, the de facto anchor for…\n","protected":false},"author":2,"featured_media":434244,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[205613,205605,47797,23936,28,205610,205607,144,205606,205608,18732,12,101,205609,205612,28222,7261,2938,205614,65550,47798,18231,9340,5332,152582,1206,205604,6804,1208,9336,73433,205611,13061],"class_list":["post-434243","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-akademikerpension","tag-alecta","tag-alicia-garcia-herrero","tag-anz-bank","tag-business","tag-ccb-international-ccbi","tag-charles-chang","tag-china","tag-cliff-zhao","tag-daan-struyven","tag-deepseek","tag-donald-trump","tag-economy","tag-european-commission-president-ursula-von-der-leyen","tag-federal-reserve-chair-jerome-powell","tag-goldman-sachs","tag-greenland","tag-jerome-powell","tag-lina-thomas","tag-mohamed-el-erian","tag-natixis","tag-nicolas-maduro","tag-peoples-bank-of-china","tag-poland","tag-raymond-yeung","tag-russia","tag-sisa-pension-fund","tag-sweden","tag-ukraine","tag-us-dollar","tag-us-treasuries","tag-wilson-zou","tag-world-economic-forum"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/434243","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=434243"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/434243\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/434244"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=434243"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=434243"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=434243"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}