# US President Donald Trump’s war against Iran is having economic consequences.

*business · news · 2026-05-01 · The Tribune*

## Key points

- IMF and World Bank meetings revealed global impatience with US actions against Iran.
- Closure of USAID under Trump halted humanitarian aid, undermining US soft power and trust.
- Rising distrust jeopardizes the dollar’s global reserve status, risking US economic advantages like seigniorage.
- Despite progress, China's renminbi remains limited by capital controls and doubts about global confidence.

**Countries:** United States, United Kingdom, China, India

[Read the full story on The Tribune](https://www.tribuneindia.com/news/comment/does-trumps-war-with-iran-mark-the-start-of-de-dollarisation/)

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