Or they are worried that Intel will pull out due to risk of consumer boycott and want to push the deal through.
Or they are worried that Intel will pull out due to risk of consumer boycott and want to push the deal through.
You can, or could, in Venezuela and Iran. Europe trades in oil all the time, but the petrodollar reigns supreme for international trade with oil producing nations. That’s not in question. The point is how much that will impact on international trade relations, now and in the future.
As currencies diversify, as power needs diversify and as stability and increased trade between all nations increases, the majority of trade may still remain in dollars, but that provides less power for America than historically. Oil is less important and the traded currency is also less important. This also improves with improved digital process of payments and faster shipping routes. It’s assumed that is part of the reason Russia values the arctic, for shipping routes.
There may be limited appetite for more ruoee trades now, but a trial balloon is always the first step and there may be more on an ad hoc basis. India may start to trade with Iran or Russia in increasing volume but wish to have rupee trade. A large customer like that may find that one supplier plays ball.
If the euro doesn’t really threaten US as a reserve currency, a BRICS one certainly won’t. As economies diversify and become more intersectional, as has happened since ww2, the currency fluctuations are less, with increased trade. Then currency used matters less and risk is lower for both sides when non us currency is used. So, I think dollar as a currency reserve will naturally reduce over time but it’s not disappearing any time soon.
Yes, but look at bud light. Boycotts can be hugely damaging. If people start boycotting Intel, Dell HP and other suppliers will happily offer amd instead. Similarly, companies with policies of not buying from suppliers with slave labour or supporting genocide may decide Intel falls in that category now. They do it as a PR exercise but ultimately it’s consumer sentiment that drives it.
Intel will need to decide if the sweetener is worth the risk. From war interrupting supply. From boycotts. From brand damage.