How the US is trying to ensure the dollar’s dominance during economic turmoil.

Treasury Secretary Scott Bessent appears before the Senate Appropriations Committee in Washington on April 22, 2026. As the U.S. government has been devising plans to keep the dollar dominant, China has been making its own moves to increase global influence of the renminbi. (Kenny Holston/The New York Times) By ALAN RAPPEPORT The summit between President Donald Trump and China’s top leader, Xi Jinping, in Beijing this week is likely to include tense discussions about tariffs, Taiwan, Iran and...

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