Trump threatens tariffs on nations reducing reliance on US dollar

President-elect Donald Trump has threatened to impose 100% tariffs on countries that reduce their reliance on the US dollar. This comes amid a growing trend of "de-dollarization," where nations like China and Russia seek alternatives to the dollar in international trade. The US dollar has been the dominant global reserve currency for nearly 80 years, but rival countries are pushing to change that. Recent efforts include China encouraging oil trades in yuan and Russia limiting gas contracts to rubles for "unfriendly" nations. Despite these moves, the dollar remains the primary currency for global trade and reserves. Its share in foreign exchange reserves has decreased from 71% to about 59% since 2000, but analysts believe it will retain its status for the foreseeable future.