Countries are not just dedollarizing due to fear of US sanctions & asset seizures, but also because it's now more expensive to borrow in dollars

 https://x.com/BenjaminNorton/status/1958618740628808022

@BenjaminNorton

This is a big deal: it debunks the ridiculous US myth of "Chinese debt-trap diplomacy", and is also a sign of growing dedollarization. Countries are not just dedollarizing due to fear of US sanctions & asset seizures, but also because it's now more expensive to borrow in dollars

Quote

Carlos

@agent_of_change

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21h

The truth about China and debt traps is that Global South countries turn to China to *get out* of the West's debt traps.

5:54 AM · Aug 22, 2025

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28.3K

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https://x.com/BenjaminNorton/status/1958618740628808022