{"id":58907,"date":"2026-02-22T01:38:42","date_gmt":"2026-02-22T05:38:42","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/global-markets-shaken-by-de-dollarization-milestone-and-corporate-legal-challenges-to-trump-tariffs\/58907\/"},"modified":"2026-02-22T01:38:42","modified_gmt":"2026-02-22T05:38:42","slug":"global-markets-shaken-by-de-dollarization-milestone-and-corporate-legal-challenges-to-trump-tariffs","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-shaken-by-de-dollarization-milestone-and-corporate-legal-challenges-to-trump-tariffs\/58907\/","title":{"rendered":"Global Markets Shaken by &#8220;De-Dollarization&#8221; Milestone and Corporate Legal Challenges to Trump Tariffs"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>U.S. Dollar share of global foreign currency reserves<\/strong> has hit a century-low of <strong>56.9%<\/strong>, signaling a historic shift in central bank diversification toward <a href=\"https:\/\/stockmarketwatch.com\/metal\/gold-price.aspx\" data-internallinksmanager029f6b8e52c=\"4\" title=\"gold price today\">gold<\/a> and non-traditional currencies.<\/li>\n<li><strong>Costco (<a href=\"\/stock\/COST\">COST<\/a>)<\/strong> and hundreds of other major retailers have filed lawsuits seeking billions in refunds after the <strong>Supreme Court struck down President <a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a>\u2019s unilateral tariffs<\/strong> as unconstitutional.<\/li>\n<li><strong>Department of Homeland Security (DHS)<\/strong> has suspended <strong>TSA PreCheck and Global Entry<\/strong> programs effective February 22, 2026, as a partial government shutdown over immigration funding enters its second week.<\/li>\n<li><strong>AI-driven &quot;hiring deadlock&quot;<\/strong> is paralyzing the labor market, with <em>The Atlantic<\/em> reporting that AI-generated applications and AI-automated screening are preventing human-to-human recruitment.<\/li>\n<li><strong>Japan\u2019s nuclear revival<\/strong> accelerates under PM Sanae Takaichi, with the world\u2019s largest atomic plant, <strong>Kashiwazaki-Kariwa<\/strong>, successfully restarting operations this month.<\/li>\n<\/ul>\n<p>The global financial landscape is facing a dual challenge as the <strong>U.S. Dollar\u2019s<\/strong> dominance as a reserve currency wanes while corporate giants launch a massive legal offensive against federal trade policy. According to the latest <strong>IMF COFER<\/strong> data, the greenback&#39;s share of global reserves has fallen to its lowest level since 1994, as central banks increasingly pivot toward <strong>gold<\/strong> and &quot;non-traditional&quot; currencies to hedge against sovereign credit risks.<\/p>\n<p>In a landmark legal development, <strong>Costco (<a href=\"\/stock\/COST\">COST<\/a>)<\/strong>, <strong>Revlon<\/strong>, and <strong>Bumble Bee Foods<\/strong> are leading a coalition of over 1,000 companies suing the federal government for the return of an estimated <strong>$175 billion<\/strong> in tariff payments. The move follows a <strong>Supreme Court<\/strong> ruling on February 20 that found the administration\u2019s use of the <em>International Emergency Economic Powers Act (IEEPA)<\/em> to bypass Congress on trade duties was unauthorized.<\/p>\n<p>Domestically, the <strong>Department of Homeland Security<\/strong> has begun emergency measures to manage a funding lapse, including the temporary suspension of expedited traveler programs. A DHS spokesperson confirmed that <strong>TSA PreCheck<\/strong> and <strong>Global Entry<\/strong> services are paused as of 6:00 a.m. today, as the agency redirects limited personnel to primary security roles amidst a legislative standoff in Washington.<\/p>\n<p>The technology sector is also grappling with a &quot;Tinderization&quot; of the job market, where <strong>OpenAI<\/strong>-powered tools like <strong>ChatGPT<\/strong> are being used to flood HR departments with thousands of AI-crafted resumes. A viral report from <em>The Atlantic<\/em> notes that because <strong>HR departments<\/strong> are using their own AI filters to screen these applications, the entire hiring process has become a &quot;late-capitalist nightmare&quot; where qualified candidates are frequently ignored by automated systems.<\/p>\n<p>On the geopolitical front, <strong>President <a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a>\u2019s<\/strong> team is maintaining a hardline stance in nuclear negotiations with <strong>Iran<\/strong>, offering &quot;limited flexibility&quot; in Geneva. While the administration has signaled it might allow &quot;token&quot; enrichment, officials have reportedly presented the President with military options targeting high-level leadership if no substantive deal is reached by the end of the month.<\/p>\n<p>In Asia, <strong>China\u2019s<\/strong> manufacturing sector has reached a milestone in digital adoption, with <strong>89.6% of large industrial enterprises<\/strong> now implementing digital upgrades. This broad-based adoption, supported by hardware from firms like <strong>Nvidia (<a href=\"\/stock\/NVDA\">NVDA<\/a>)<\/strong>, is driving massive gains in efficiency across the automotive and shipbuilding sectors, according to the <strong>China Academy of Information and Communications Technology<\/strong>.<\/p>\n<p>Meanwhile, <strong>Japan<\/strong> has officially ended its post-Fukushima nuclear hiatus. Under the leadership of <strong>PM Sanae Takaichi<\/strong>, <strong>Tokyo Electric Power Co (<a href=\"\/stock\/TKECF\">TKECF<\/a>)<\/strong> has successfully restarted the world\u2019s largest nuclear facility, <strong>Kashiwazaki-Kariwa<\/strong>, as part of a strategic push for 100% energy self-sufficiency and a tripling of nuclear capacity by 2040.<\/p>\n<p>Defense markets are also seeing significant movement as <strong>Safran (<a href=\"\/stock\/SAFRY\">SAFRY<\/a>)<\/strong> advances a &quot;game-changing&quot; offer to provide India with <strong>100% technology transfer<\/strong> for fighter jet engines. The French aerospace major has promised full IP rights and fast-tracked timelines, positioning itself as a primary partner for India\u2019s fifth-generation <strong>AMCA<\/strong> project over competing Western offers.<\/p>\n<p>Finally, diplomatic tensions have spiked in the Middle East following comments from <strong>Ambassador Mike Huckabee<\/strong>, who claimed Israel has a &quot;Biblical right&quot; to much of the region. The remarks have drawn sharp condemnation from <strong>Saudi Arabia<\/strong>, <strong>Egypt<\/strong>, and the <strong>Arab League<\/strong>, complicating ongoing U.S. efforts to broker regional stability.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways U.S. Dollar share of global foreign currency reserves has hit a century-low of 56.9%, signaling a historic shift 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