The Future of the Dollar
U.S. Financial Power Depends on Washington, Not Beijing
In late April, the King of Saudi Arabia, Salman bin Abdulaziz al-Saud, appointed one of his sons, Prince Khalid bin Salman, as the kingdom’s new ambassador to the United States. The appointment was part of larger reshuffling at the top of the Saudi government. Khalid’s ascent was a sign of the growing power of his older brother, Deputy Crown Prince Mohammad bin Salman, the Saudi minister of defense.
Khalid’s appointment is also largely seen as an attempt by King Salman to boost ties between the Saudi royal family and U.S. President Donald Trump, who himself has delegated significant foreign policy responsibilities to his son-in-law Jared Kushner. After years of strained relations with former President Barack Obama, the Saudis appear to be optimistic about the new president. Trump has a well-established record of hostility toward the kingdom’s main rival, Iran, and in particular toward the Obama