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0 sats \ 0 replies \ @Solomonsatoshi 5 Apr \ on: Beware: The ECB Digital Currency Is Coming Politics_And_Law
The Euro CBDC dovetails into Chinas already operational CBDC Yuan and Chinas trade payments protocol mBridge network which was recently joined by Saudi Arabia.
Trumps trade tariffs push other major trading nations closer into Chinas trade vortex and Chinas ambitions to advance its alternative/s to the USD/SWIFT trade payments hegemony.
Post GFC the IMF invited China to join its exclusive club of reserve currency board members because Chinas massive trade surpluses were significant in recovering from the GFC.
Post tariffs as USA retreats into protectionism and isolation the EU and China are likely to become even more interdependent and less reliant upon the USD and US hegemony.