Countries reconsider financial and military reliance on the U.S.
Axios · September 12, 2026Original source ↗

What happened
The Netherlands moved 86 tons of gold out of the U.S. as a hedge against systemic risks, following similar actions by France and discussions in Germany. Additionally, Norway's sovereign wealth fund plans to reduce its holdings of U.S. government bonds, while European countries are exploring ways to lessen dependence on U.S. technology and military supplies. Applications to U.S. colleges from international students have also declined.
Why it matters
These shifts could influence global economic and geopolitical dynamics, affecting international relations.
How this story affects people
How does this story affect you if you are an international student considering U.S. colleges?
You may find fewer opportunities as applications from international students have declined, potentially affecting your chances of admission and the diversity of your educational experience.
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