เงินหยวนแซงดอลลาร์ครั้งแรก! ทรัมป์เดือด ขู่ขึ้นภาษี 100% - ระบบการเงินโลกกำลังเปลี่ยน?
Summary
The headline number is the share of China’s own trade settled in yuan, not the share of world trade — a distinction that matters.
What China is doing to press the point: the e-CNY, pushing yuan settlement in trade, and coordination with the BRICS group.
Trump answered with a threatened 100% tariff on countries moving off the dollar, which confirms this is being treated as a question of power rather than of financial plumbing.
Key points
China’s share and the world’s share are different things
The dollar still dominates world trade and reserves. The 48% figure is China’s own.
Dollar power sits in the plumbing, not the volume
Settlement systems, contracts and the Treasury market are tied to it in ways that cannot be undone quickly.
The tariff threat is a tacit admission
If this did not matter, it would not need a threat of that size.
Transitions like this take decades
Sterling took roughly half a century to lose its position to the dollar.