Idk about a trend, but perhaps a necessity. The Trump government is flinging around so many tariffs and sanctions that it may no longer be practical to hold USDs in reserve for anything. Also doesn’t help that Americans aren’t producing a lot of products people want to buy. Angola and China do $24B in business annually. By comparison, the US and Angola do $3.2B and a healthy chunk of that is just us selling their refined oil back to them.
Starting to look like a trend, not sure if it is good or bad, but things are definitely changing
Idk about a trend, but perhaps a necessity. The Trump government is flinging around so many tariffs and sanctions that it may no longer be practical to hold USDs in reserve for anything. Also doesn’t help that Americans aren’t producing a lot of products people want to buy. Angola and China do $24B in business annually. By comparison, the US and Angola do $3.2B and a healthy chunk of that is just us selling their refined oil back to them.