The TRUTH about the US vs China Trade Negotiations
China’s Quiet Move: BHP Adopts Renminbi, Signaling Historic Dollar Erosion
Discover why Beijing forcing BHP to accept RMB for iron ore sales creates a long-term precedent far more significant than rare earth headlines, threatening decades of US dollar dominance.
Short Summary
- China redirected focus by enforcing RMB adoption for a major commodity purchase from Australia’s BHP.
- This move establishes a template for Western-aligned companies to transact outside the dollar system, directly challenging US financial leverage.
- Accepting RMB incentivizes BHP to seek other non-dollar partners, accelerating global trade de-dollarization trends.
This analysis explains the gravity of China instructing BHP to suspend US dollar purchases for iron ore and accepting the Renminbi for 30% of future sales. Understanding this action reveals how global supply chains are quietly reshaping currency flows independent of political rhetoric.
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Top Comments (10)
Who weaponize the US dollar?. Who weaponize semiconductor ? Who abuse their sanction on China? Who has more than a hundred military bases surrounding China?
The U.S. has been using the US dollar world reserve currency status as an economic weapon to crush anyone (including its own allies) since WW2. China simply learned from the U.S. playbook.
During the 2008 financial crisis they were 15 minutes away from shutting down the entire Western financial system and it was here China realised they could be left holding trillions of worthless US treasuries. They know the debt levels are completely unrepayable and the flip to dedollarisation is purely common sense. The US is also doing itself no favours by continually weaponising the Dollar and soon the sanctioned world will be larger than the unsanctioned world which only harms the Dollar.
Really,? I thought they were defending themselves from US aggression.
Rises of new super power peace now comes for humanity.
China dominance of rare earths in production is the new modern day comparison of the U.S. petrodollar……. China could literally block the U.S. MIC production…… how ironic. Perhaps we will finally see peace on earth.
But there’s nothing wrong with dedolarization. The United States has been using the dollar as a weapon and the world is tired of it. The world just wants to have choices and there’s nothing wrong with it.
This is classic Looney Tunes entertainment Starring US as Will E Coyote and China as the Road Runner
Two points:- 1) China is restricting rare earths exports to weapons manufacturers. Civilian and humanitarian uses will still get their quota of rare earths. 2) US weaponised the dollar so using it for trade settlements will expose countries to illegal US unilateral sanctions. So, it's prudent for other countries to trade in other currencies.
the export ban is only targeting the merchants of death . part of china's national security.
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Top Comments (10)
Who weaponize the US dollar?. Who weaponize semiconductor ? Who abuse their sanction on China? Who has more than a hundred military bases surrounding China?
The U.S. has been using the US dollar world reserve currency status as an economic weapon to crush anyone (including its own allies) since WW2. China simply learned from the U.S. playbook.
During the 2008 financial crisis they were 15 minutes away from shutting down the entire Western financial system and it was here China realised they could be left holding trillions of worthless US treasuries. They know the debt levels are completely unrepayable and the flip to dedollarisation is purely common sense. The US is also doing itself no favours by continually weaponising the Dollar and soon the sanctioned world will be larger than the unsanctioned world which only harms the Dollar.
Really,? I thought they were defending themselves from US aggression.
Rises of new super power peace now comes for humanity.
China dominance of rare earths in production is the new modern day comparison of the U.S. petrodollar……. China could literally block the U.S. MIC production…… how ironic. Perhaps we will finally see peace on earth.
But there’s nothing wrong with dedolarization. The United States has been using the dollar as a weapon and the world is tired of it. The world just wants to have choices and there’s nothing wrong with it.
This is classic Looney Tunes entertainment Starring US as Will E Coyote and China as the Road Runner
Two points:- 1) China is restricting rare earths exports to weapons manufacturers. Civilian and humanitarian uses will still get their quota of rare earths. 2) US weaponised the dollar so using it for trade settlements will expose countries to illegal US unilateral sanctions. So, it's prudent for other countries to trade in other currencies.
the export ban is only targeting the merchants of death . part of china's national security.