Economic curbs imposed by the US on other countries are harming the dollar, the Republican presidential candidate has said
Republican presidential nominee Donald Trump has promised to drastically reduce the use of sanctions by the US if he wins the election in November.
During an appearance at the Economic Club of New York on Thursday, Trump was asked if he plans to “strengthen or modify” Washington’s economic restrictions on Russia and other countries.
“I want to use sanctions as little as possible,” he replied, explaining that there is “a problem” with the extensive reliance on such penalties by the US, because “ultimately it kills your dollar and it kills everything the dollar represents.”
It is “important” for the dollar to remain the international reserve currency, the former president insisted.
“If we lost the dollar as the world currency, I think that would be the equivalent of losing a war, that would make us a third world country. And we cannot let it happen,” he said.
Trump, who slapped various restrictions on Russia, Iran and North Korea during his term in office between 2017 and 2021, acknowledged that he himself has been the “user of sanctions.”
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