Deutsche Bank: If the United States uses sanctions, the dominance of the dollar will be threatened

Deutsche Bank foreign exchange analyst Ulrich Leuchtmann stated that if the Trump administration turns to sanctions in the event of tariff policy failure, the dollar could lose its global dominance. If the United States imposes economic pressure on other countries through sanctions, then the cost of using dollars in international payment transactions will become too high. He said that at that time, the dollar will lose its dominant position as an international means of payment. In medium and long term view, it may also lose its leading role as a reserve currency. "The consequence might be a significant weakening of the dollar."