The world reconsiders America
Summary
Many countries are reducing their financial and military reliance on the United States. This includes moving gold reserves, cutting back on U.S. government bonds, and trying to buy weapons and technology from local sources instead of the U.S.Key Facts
- The Netherlands moved 86 tons of gold out of the U.S. and Canada for safety reasons.
- France has already moved all of its gold reserves out of New York.
- Norway's large government fund plans to hold fewer U.S. government bonds because of market problems.
- European countries want to buy more weapons locally and rely less on American arms.
- The European Union plans to limit American tech companies like Amazon, Google, and Microsoft from some cloud computing contracts.
- International student applications to U.S. colleges dropped 10%, partly due to stricter visa policies.
- Travel to the U.S. from some countries has decreased, with Canada and Germany showing big drops.
- A survey found most Western countries lack confidence in President Trump’s handling of world affairs, except Hungary and Poland.
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