According to online reports, Ulrich Leuchtmann, a foreign exchange analyst at Deutsche Bank, said that if the Trump administration turns to the use of sanctions if tariff policies fail, the US dollar may lose its global dominance. If the United States puts economic pressure on other countries through sanctions, the cost of using the dollar in international payment transactions will become too high. He said the U.S. dollar would then lose its dominant position as an international payment means. In the medium to long term, the dollar may also lose its dominant position as a reserve currency. "The consequence could be a significant weakening of the dollar."