US Treasury Secretary Bessent refuted claims that the recent depreciation of the US dollar would affect its status as the world's major currency. Bessent Zhou said, “The dollar price has nothing to do with a strong dollar policy. The key to a strong dollar policy is whether we take steps in the long term to ensure that the dollar continues to be the global reserve currency.” He believes that the Trump administration is indeed taking such measures. The US dollar index fell nearly 11% in the first half of the year, making it the worst first-half performance since 1973. This devaluation comes against the backdrop of concerns about the Trump administration's policies, particularly the potential impact of tariff increases on economic growth and the tough diplomatic stance on long-term allies, which have injected capital into the US in the past. Bessent said the Republican tax bill “created conditions for economic growth.”

US Treasury Secretary Bessent refuted claims that the recent depreciation of the US dollar would affect its status as the world's major currency. Bessent Zhou said, “The dollar price has nothing to do with a strong dollar policy. The key to a strong dollar policy is whether we take steps in the long term to ensure that the dollar continues to be the global reserve currency.” He believes that the Trump administration is indeed taking such measures. The US dollar index fell nearly 11% in the first half of the year, making it the worst first-half performance since 1973. This devaluation comes against the backdrop of concerns about the Trump administration's policies, particularly the potential impact of tariff increases on economic growth and the tough diplomatic stance on long-term allies, which have injected capital into the US in the past. Bessent said the Republican tax bill “created conditions for economic growth.”