According to online reports, Macquarie strategist Thierry Wizman said in a report that even if the Trump administration removes all tariffs, the dollar is unlikely to fully reverse its recent decline. He said: "After all, in addition to capital flight, given the declining integrity of some U.S. institutions and systems, it is also necessary to reduce dependence on the U.S. dollar. The dollar will no longer be an indispensable currency, but more a substitute for a few comparable currencies such as the euro."