ASEAN’s Bold Diversification & Unity Could Be Lethal for the US Dollar
The Association of Southeast Asian Nations population, referred to as ASEAN, recently held its ASEAN-China-GCC summit in Kuala Lumpur, Malaysia. The summit was attended by leading administrative officials from China and other GCC nations, reflecting the bloc’s plan to help establish harmonious relationships within the aforementioned global circuit. Malaysian PM Anwar Ibrahim was noted for making active calls for the bloc’s increased diversification towards China and GCC nations to insulate ASEAN nations from the harsh US tariffs policy. While the calls made during the summit promote regional dependence and unity, this diversification may become lethal for the US dollar in many ways. Here are the three main reasons promoting the anti-dollar narrative. Also Read: 11-Nation ASEAN Bloc Challenges US Pacific Influence ASEAN’s Move May End Up Injuring the US Dollar: Here’s How 1. Reduced Dollar Demand Source: Watcher Guru Malaysian PM Anwar Ibrahim has called to unite forces, urging Chi...