Summary
Trump has threatened 100% tariffs on BRICS nations (Brazil, Russia, India, China, South Africa, and others) if they pursue de-dollarization efforts, including creating a new currency to challenge the U.S. dollar’s dominance in global trade.
Trump warned these nations could lose access to the U.S. economy.
BRICS members, frustrated by U.S. financial dominance, have explored alternatives, with Russia advocating for a new payment system to bypass sanctions.
Analysts say the dollar’s global reserve status remains secure in the near term despite these challenges.
What has always made the dollar so attractive is the perception of US stability and predictability; the idea that the USA really did want to facilitate truly global trade.
Trump weaponizing tariffs and otherwise acting like a lunatic (and that the electorate put him in twice) is really shattering to the fundamental rationale for using the USD as the defacto global currency.
Translation: “If you guys try to move away from the US Dollar, I’m going to tax the shit out of Americans. That’ll show you.”
Mickey Mousenomics courtesy of a “very stable genius”.
The only reason BRICS has legs is because of the last Trump presidency. His transactional approach to relations makes working with the US less appealing.
Donny’s last trade war lost U.S. steel. What well his tariffs loss look like for Americans?
Yeah? Well I’m threatening a billion percent tariff on Mars unless I get a pony!
The orange nutjob found his new favourite threat
Glhf
…is it time to invest in gold or what?
At least prev govt had a nicer inflation export strategy!
What would they move to? Fuckin bitcoin lol.
Gold, as is tradition of countries we invade.
Caps
