„What can happen and that's where things are headed is the devaluation of the dollar. It seems like there is an intention, or at least the result is such, to withdraw the dollar as a reserve currency in the world, and this will hit all of America very hard, both in terms of reputation, economic opportunities, and leverage. The issue is American, but in no way limited to there. This was said on „This Morning“ on bTV by diplomat and vice president of the Atlantic Club Elena Poptodorova.
According to her, after the declared trade war with Trump's tariffs, the situation in America is worrying.
„This time it is already touching on everyday life. The data that we see from the stock market and from the state in certain sectors, especially in the state sphere, only arouse strong anxiety. In one of my conversations with a former deputy secretary of defense in the Republican administration, he told me, "The bad thing is that perhaps a major economic collapse inside America would have to occur in order to achieve a real change in this policy," the diplomat commented.
According to Poptodorova, we should rely on some internal change in the positions of the Republicans.
„Back in the 1990s, as a businessman, Trump said that America was being used by so-called allies and had cited Germany and Japan because of car imports, and 35 years later, 25% tariffs on cars are coming precisely for these countries. We should not think that these are random whims. He will not get away with it. The question is how to restore the role of the Senate,“ she pointed out.
According to her, the campaign in the US continues and goes beyond the borders of the country.
“It was no coincidence that J.D. Vance's speech in Munich was carried over to Europe, because Europe, due to the way societies are structured, is perceived as an extended segment of the Democratic Party. In any case, there is a dislike for Europe in President Trump's closest circle“, commented the vice president of the Atlantic Club.
According to her, Europe is already becoming a geopolitical factor and is realizing its new historical role, and Bulgaria must definitely seek a conversation with the US. It takes two to tango. We have nicely proposed talks and we must insist, Poptodorova added.