(Bloomberg) -- All around the world, a backlash is brewing against the hegemony of the US dollar.Most Read from BloombergAmazon Is in Talks to Offer Free Mobile Service to US Prime MembersChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthRich Latin Americans Transform Laid-Back Madrid Into a ...
(Bloomberg) -- All around the world, a backlash is brewing against the hegemony of the US dollar.
The sanctions on Russia are deserved. Trying to apply those same sanctions to China would be incredibly difficult, especially because Europe wouldn’t back them.
Of course, if the US went to war because China attacked an ally, and they were invited to defend against an invasion, that changes the calculation. The aggressor bears the brunt of international sanctions.