On March 3, Jinshi Data reported that Ronah, a well-known economist in Hungary, recently stated that the United States threatened to impose a 25% tariff on the European Union. If Europe can work together, it can demand that various market entities use the euro instead of the dollar for payment. This would be an economic “nuclear weapon” to deal with the threat of U.S. tariffs. Ronah Peter said that if this measure is taken, the demand for the dollar in the international market will plummet, the privileged position of the dollar in the international community will be broken, and the U.S. economy will be impacted.
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Hungarian economist: Euro replacing the US dollar for payment is the "nuclear weapon" to deal with US tariff threats
On March 3, Jinshi Data reported that Ronah, a well-known economist in Hungary, recently stated that the United States threatened to impose a 25% tariff on the European Union. If Europe can work together, it can demand that various market entities use the euro instead of the dollar for payment. This would be an economic “nuclear weapon” to deal with the threat of U.S. tariffs. Ronah Peter said that if this measure is taken, the demand for the dollar in the international market will plummet, the privileged position of the dollar in the international community will be broken, and the U.S. economy will be impacted.