WASHINGTON (AP) — Bullied and buffeted by President Donald Trump’s tariffs for the past year, America’s longstanding allies are desperately seeking ways to shield themselves from the president’s impulsive wrath. U.S. trade partners are cutting deals among themselves —- sometimes discarding old differences to do so — in a push to diversify their economies away from a newly protectionist United States. Central banks and global investors are dumping dollars and buying gold. Together, their actions could dimi ...

Core Insights - The rise and fall of the U.S. currency in the early 20th century provides valuable lessons for contemporary political leaders [1] Group 1 - The historical context of the U.S. currency's prominence highlights the impact of political decisions on economic stability [1] - Analyzing the fluctuations in the U.S. dollar's value can inform current strategies for maintaining currency strength [1] - The lessons learned from past currency dynamics emphasize the importance of sound fiscal policies [1]

🇨🇳 JUST IN: China tests stablecoins, raising concerns over capital outflows and U.S. dollar dominance. https://t.co/vpAUfkQzHe ...