The dollar is the global reserve currency and there is no sign of that changing. People use it because it’s in their interest to do so. No one forces them. There is simply no currency out there in the world that can replace it in terms of volume or liquidity. It’s not even close.

Texas Sen. Ted Cruz (R) defended President-elect Trump’s threat to impose steep 25 percent tariffs on all goods from Canada and Mexico — two key U.S. allies — pointing out that the remark produced “immediate” action.

Donald Trump continues to threaten tariffs against foreign nations, this time toward a bloc of nine countries if they try to undermine the dollar's global dominance.