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A comment on US Administration announces 34% tariffs on China – 20% on EU. Parent comment

Re:US Administration announces 34% tariffs on China – 20% on EU by tossandthrow on Thursday April 03, 2025 @05:00AM (#43566868)
This is called the euro dollar (look it up, it had nothing to do with Europe).

In short: when two non us countries trade, eg., oil they settle on USD.

So for south Africa to buy oil from Kuwait, they need USD.

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Re:US Administration announces 34% tariffs on China – 20% on EU by inexcf on Thursday April 03, 2025 @05:12AM (#43566962)
Eurodollar is cyberpunk. Don't you mean the petro dollar?(nevermind found Eurodollar instead of "euro dollar" now :) )
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Re:US Administration announces 34% tariffs on China – 20% on EU by tossandthrow on Thursday April 03, 2025 @05:50AM (#43567243)
I don't mean petro dollar.

And you are more than welcome to use the internet if there are terms you don't understand: https://en.wikipedia.org/wiki/Eurodollar (Edit: I see you found d the article, will leave the link for other who are in doubt :) )

They are different concepts.

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