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

On July 4, Jin10 reported that U.S. Treasury Secretary Bassett dismissed the notion that the recent depreciation of the dollar would impact its status as the world's primary currency. Bassett stated, "The price of the dollar is unrelated to strong dollar policy. The key to strong dollar policy is whether we take measures in the long term to ensure that the dollar continues to serve 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 performance in the first half since 1973. This depreciation occurred against the backdrop of concerns about the Trump administration's policies, especially the potential impact of increased tariffs on economic growth and a tough diplomatic stance toward long-term allies, who have historically funded the U.S. Bassett stated that the Republican tax bill "created conditions for economic growth."