Trump threatens 100% tariff on the BRIC bloc of nations if they act to undermine US dollar
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President-elect Donald Trump threatened 100% tariffs against the BRIC bloc, which includes Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, and the UAE, if they undermine the U.S. dollar; Trump made the threat via a Truth Social post on December 1, 2024; He demands a commitment from these countries not to create a new BRICS currency or support alternatives to the U.S. dollar; The U.S. dollar constitutes about 58% of global foreign exchange reserves, according to the IMF; Russian President Vladimir Putin criticized the U.S. for 'weaponizing' the dollar at an October summit; Trump previously threatened tariffs on Mexico, Canada, and China to address immigration and drug issues; Research indicates the dollar's dominance as a global reserve currency is secure in the near term.
#Trump #Bric #Tariffs #UsDollar #Putin #InternationalTrade #Economy #ForeignPolicy #GlobalFinance #Dedollarization
https://www.gmtoday.com/news/national/trump-threatens-100-tariff-on-the-bric-bloc-of-nations-if-they-act-to-undermine/article_e4e52278-9f5c-5e81-9f22-146fec8fa3f7.html
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2024-12-01 12:40:17
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npub1astlukk555d99qcj9g885exkch6p95j8nyf8nfq828vnpfpzzx7sqjt3frPublished at
2024-12-01 12:40:17Event JSON
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"content": "Trump threatens 100% tariff on the BRIC bloc of nations if they act to undermine US dollar\n==========\n\nPresident-elect Donald Trump threatened 100% tariffs against the BRIC bloc, which includes Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, and the UAE, if they undermine the U.S. dollar; Trump made the threat via a Truth Social post on December 1, 2024; He demands a commitment from these countries not to create a new BRICS currency or support alternatives to the U.S. dollar; The U.S. dollar constitutes about 58% of global foreign exchange reserves, according to the IMF; Russian President Vladimir Putin criticized the U.S. for 'weaponizing' the dollar at an October summit; Trump previously threatened tariffs on Mexico, Canada, and China to address immigration and drug issues; Research indicates the dollar's dominance as a global reserve currency is secure in the near term.\n\n#Trump #Bric #Tariffs #UsDollar #Putin #InternationalTrade #Economy #ForeignPolicy #GlobalFinance #Dedollarization\n\nhttps://www.gmtoday.com/news/national/trump-threatens-100-tariff-on-the-bric-bloc-of-nations-if-they-act-to-undermine/article_e4e52278-9f5c-5e81-9f22-146fec8fa3f7.html",
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