Trump: If China doesn't import American soybeans and relax rare earth exports, the United States may kick China out of the swift settlement system, because this is one of the options.
After China's policy of rare-earth countermeasures, soybean restrictions and other policies against the United States, the United States was really persecuted, according to the news of the United Morning Post, if Trump didn't have to fight, he was likely to kick China out of the global bank financial telecommunications association SWIFT international settlement system, and will kick Chinese companies out of the U.S. capital market.
This SWIFT settlement system is the core basis of communication between global banks, if you want to do global trade, it is really inseparable from this system to settle, but it is such an important independent system, it has also been Americanized, it now acts not only as an American sanction of other countries "weapon", or the United States to realize "dollar hegemony" an important means.
But will Trump really take SWIFT against us?
Personally, he doesn't dare, because China is the world's second largest economy. Last year, its total GDP import and export exceeded 43.85 trillion yuan. More than 160 countries around the world do business with China. If Trump really does this, these countries will have to find a new settlement system to do business with us.
And this point, as early as 2015, we have already laid out, not only developed our own cross-border settlement system, but also accelerated the process of trade globalization, so to speak, if Trump dares to do so, our people's currency settlement system will not soon meet the opportunity, at the time the most difficult is the United States.
Therefore, even if Trump had this intention, he would not have the courage to do so. If he did do this, it would only accelerate the early outbreak of U.S. debt. If the United States collapsed, then the United States would soon face a major reshuffle. It is not certain whether Trump can sit on the presidency.
After China's policy of rare-earth countermeasures, soybean restrictions and other policies against the United States, the United States was really persecuted, according to the news of the United Morning Post, if Trump didn't have to fight, he was likely to kick China out of the global bank financial telecommunications association SWIFT international settlement system, and will kick Chinese companies out of the U.S. capital market.
This SWIFT settlement system is the core basis of communication between global banks, if you want to do global trade, it is really inseparable from this system to settle, but it is such an important independent system, it has also been Americanized, it now acts not only as an American sanction of other countries "weapon", or the United States to realize "dollar hegemony" an important means.
But will Trump really take SWIFT against us?
Personally, he doesn't dare, because China is the world's second largest economy. Last year, its total GDP import and export exceeded 43.85 trillion yuan. More than 160 countries around the world do business with China. If Trump really does this, these countries will have to find a new settlement system to do business with us.
And this point, as early as 2015, we have already laid out, not only developed our own cross-border settlement system, but also accelerated the process of trade globalization, so to speak, if Trump dares to do so, our people's currency settlement system will not soon meet the opportunity, at the time the most difficult is the United States.
Therefore, even if Trump had this intention, he would not have the courage to do so. If he did do this, it would only accelerate the early outbreak of U.S. debt. If the United States collapsed, then the United States would soon face a major reshuffle. It is not certain whether Trump can sit on the presidency.