1. United States
2. Fla.
3. Letter

When the dollar collapses it will do slowly at first, then all at once. Warnings about the end of the dollar’s dominance in the global economy have been sounding for years, underscored by emerging financial systems that are bypassing the U.S. currency. But at this point in time, almost a year into the second Trump presidency, there’s more reason to believe the dollar is losing its grip at the top. The big difference now is trust. In recently published research, academics from the University of Edinburgh and the University of Warwick, as well as the European University Institute, argue that the confidence in the U.S. that keeps countries and institutions holding dollars, trading in dollars and borrowing in dollars is slipping (https://theconversationglobal.cmail20.com/t/r-l-tkdruiuy-nhuiliyljd-i/). President Donald Trump’s chaotic approach to global trade, not to mention the now-frequent clashes with U.S. and international institutions, are shattering perceptions of the U.S. as flag bearer for the world’s economic rules and a steady fiscal hand at home.