A round of steep and sweeping new tariffs came into effect today John, but the key to understanding why Trump’s decisions in Washington DC are wreaking havoc around the world, is the role of the US dollar.

This is exactly what our new videos and explainer blog series dives into.

The dollar sits at the heart of our current international monetary and financial system and it’s driving global inequality, debt crises, and ecological harm. [1]

Because the truth is: not all currencies were created equal. At the top of the global currency hierarchy sits the 'almighty' US dollar.

The dollar is more than just the currency of the United States of America, it has much more power because the rest of the world is forced into using US dollars to participate in global trade, take out loans, and store up central bank reserves, and that’s why we have to care about Trump’s tariff tantrums.

These videos and blog are just the beginning John. Understanding 'dollar dominance' - and how we can move beyond it to fight global inequalities - is what our report ‘Beyond Dollar Dominance’ published back in December focused on. 

We’ll be making more content to shine a light on these issues over the next few months so we’re really keen to get your feedback. Share your thoughts by replying to this email, or contacting us at [email protected]. 

And keep an eye out on whichever social platform you use; YouTube, Facebook, Instagram, X, BlueSky, LinkedIn, TikTok, and of course, the blog section on our website, for the next in the series next week!

Thanks for all your support,

Hannah, Positive Money

Notes:

[1] Positive Money report: Beyond Dollar Dominance

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