Donald Trump News America's new President Donald Trump has taken charge. The way Trump has taken decisions on the very first day has made it clear that his way of working is different from any ordinary head of state.
Trump's action will cause major changes in the global scenario
Trump has started implementing his election promises. His most important promise is to make America great again. If Trump tries to fulfill this promise with full force, then it is certain that there will be major changes in the global scenario. These changes will redefine economic, defense and diplomatic relations.
That's why America dominates
Economic sanctions: America's Brahmastra
The easiest way to hurt the economy of a country is to impose economic sanctions on it. America has been using this weapon from time to time. Although any country can impose economic sanctions on any country, but the economic sanctions imposed by America have a greater impact.
Prohibition on trading in dollars
If America wants, it can stop any country from doing business in dollars. This affects not only that country but also the countries doing business with it because America can impose a penalty on the other country doing business in dollars with the banned country. The question arises that why do other countries follow America's sanctions? The answer is that most of the countries of the world are dependent on America in some way or the other.
The power of the dollar in the world
- 40% of the loans in the world are given in dollars. That is why foreign banks need dollars.
- 59% of the foreign exchange reserves of the world's central banks are in US dollars.
- 90% of the trade done across the world is done in US dollars.
SWIFT Restrictions
- According to the US government report, America has currently imposed economic sanctions on 23 countries of the world.
- One of the most powerful economic sanctions is the SWIFT sanction. SWIFT or Society for Worldwide Interbank Financial Telecommunication is a messaging network that sends messages to banks in a specific code form.
- This reduces the error in international transactions to a great extent. More than 11 thousand institutions in 200 countries use it. Foreign banks do their business through this.
Action on illegal immigrants, India also in the ambit...
The issue of illegal immigrants is also hot in America. The Trump government has geared up to expel these people from the country. The Trump administration has started deporting illegal immigrants to their country. This will also affect India.
Recently, External Affairs Minister S Jaishankar also said that India will cooperate with the US in bringing back undocumented Indians. Clarifying India's stand, Jaishankar said that New Delhi is ready for the 'legal return' of Indian citizens living 'illegally' abroad, including the US.