Under the wave of global de-dollarization, the United States does not seem to feel much pressure. Behind this are the three counter-attacking cards in the hands of the United States, which are oil, grain and copper.
First of all, oil, as the lifeblood of the global economy, has always been an important support for the hegemony of the US dollar. In the 70s of the last century, the United States reshaped its oil hegemony through the Middle East war, making oil transactions closely linked to the dollar. Now, with the rise of China and the internationalization of the renminbi, the United States may once again use the oil card to maintain the hegemony of the dollar by deterring the Gulf states from using the renminbi for oil transactions.
Secondly, grain is another trump card of the United States. As the world's largest grain exporter, the United States has strong influence over the global grain market. By controlling the grain exports of a few countries, such as Canada, Brazil, and Argentina, the United States has the potential to construct a new hegemony over the food dollar and further consolidate its global position.
Finally, copper, as a key material in the field of new energy, is gradually attracting global attention. As new energy sources gradually replace traditional energy sources, the global demand for copper has risen sharply. As the world's largest copper importer, China's influence in this area cannot be ignored. In order to maintain its hegemony, the United States may limit China's rise by restricting copper exports.
In addition, the United States may also target China through a war of the first people, affecting the credit of the yuan, just as it once did against the euro. The Kosovo War, the Iraq War, and the European Debt Crisis are all typical cases of the United States using war and financial crises to maintain the hegemony of the US dollar.
However, we should also note that the process of RMB internationalization is progressing steadily. Commodities such as oil, iron ore and coal have begun to be settled in RMB, which is a gratifying process. At the same time, however, we must also be wary of possible countermeasures by the United States, because the hegemony of the dollar is an important support for the United States in its global position.
In short, the three hole cards of the United States - oil, grain and copper - are important for it to defend the hegemony of the dollar on the global stage**. In the face of such challenges, we need to remain vigilant, and at the same time promote the internationalization of the renminbi to lay a solid foundation for China's economic development and financial security.