Bessent denies that the fall of the US dollar threatens its status as a major currency in the world.

Odaily News: U.S. Treasury Secretary Besant dismissed claims that the recent depreciation of the dollar would affect its status as the world's primary currency. Besant stated, "The value of the dollar has nothing to do with a strong dollar policy. The key to a strong dollar policy is whether we are taking measures in the long term to ensure the dollar continues as the global reserve currency." He believes that the Trump administration is indeed taking such measures. The dollar index fell nearly 11% in the first half of the year, marking the worst first-half performance since 1973. This depreciation occurred against a backdrop of concerns about Trump administration policies, particularly the potential impact of increased tariffs on economic growth and a tough diplomatic stance towards long-term allies who have historically funded the U.S. Besant said that the Republican tax bill "created conditions for economic growth."