Trump threatens 100% Tariffs on BRICS nation over effort to replace dollar
Автор: Explore Global
Загружено: 2024-12-06
Просмотров: 4
Описание:
President-elect Donald Trump recently issued a strong warning to the BRICS nations—Brazil, Russia, India, China, South Africa, along with newer members such as Iran and the UAE—over their ongoing discussions about reducing reliance on the U.S. dollar in international trade. Trump threatened to impose 100% tariffs on these countries if they attempt to create or back a currency to rival the dollar.
Trump's remarks were made via his social media platform, where he emphasized that any move away from the dollar would result in these nations losing access to the U.S. market. This stance comes amid growing efforts by the BRICS bloc to explore alternatives to the dollar, a move fueled by geopolitical tensions, including U.S. sanctions on Russia following its invasion of Ukraine in 2022
This announcement aligns with Trump's broader trade policy, which includes plans to impose additional tariffs on countries like Mexico and Canada for other issues such as immigration and drug trafficking. The ultimatum signals a potential escalation in global trade tensions as the BRICS alliance continues to explore financial independence from the U.S. currency
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