Summary
Trump has threatened BRICS nations with 100% tariffs if they attempt to replace the US dollar as the global reserve currency, calling them “seemingly hostile countries.”
BRICS, which includes major economies like China, India, and Russia, has been discussing an alternative reserve currency, especially after Western sanctions on Russia.
The power of the US dollar in the world has strengthened recently. It remains the world’s primary reserve currency and there is a huge worldwide reliance on it.
I mean, if he slaps tariffs on everyone, he may just accidentally bring about world peace when everyone just decides to stop dealing with the US.
Idk, honestly one of the larger selling points to global trade was that you’d be much less likely to want to go to war with someone you relied on. If there is literally nothing connecting you then war is a much “easier” option to choose. :/
In a world United against the US, there’s no war the US can wage effectively. There’s only so much power you can project from aircraft carriers, and nukes are essentially off the table.
BRICS was also designed for exactly this scenario; a rogue US finally showing its whole ass to the world. They’ll survive regardless of what the US tries, whether it’s sanctions, tariffs or invasions.
BRICS was also designed for exactly this scenario; a rogue US finally showing its whole ass to the world.
It was created to diversify the commercial relations of those countries, decentralizing them from US/Europe.
You can call that “protection against a rogue US”, but it was much more of a “we will never get rich if those two control everything we do” thing.
You appear to be saying that only the US starts wars? That’s not the case.
That’s their idea. BRICS know they can’t beat USA in a straight on fight. But using a different economic model, set up alternative trade, USA can be made irrelevant in the long. USA really likes to play for short term gains, what is a weakness that can be exploited, especially with a “it hurt itself in its confusion” leader.
Tariff, tariff, tariff. It’s all he ever does when it comes to any other country doing something he doesn’t like. As if that solves all international issues.
Weird how no other country has such a policy and they seem to do fine…
He learned a new word and is using it all the time. Hopefully leaders will grow tired of it and just call his bluffs.
Too bad he still doesn’t understand the concept behind the word. Hopefully it will bite him in the ass when the price of literally everything goes up.
Now, that’s not true.
You can pick any poor country at random, and you’ll find that one policy there with almost no exceptions.
I predict a huge collapse of the us dollar before his term is up
The BRICS are already trading without dollars. They might price things in USD, but the actual trades don’t use USD.
But is he really gonna tariff 55% of the global population?
The world economy will just adjust to operate without the USA. It will be painful and take a few years, but it will also be irreversible.
To be frank, we don’t need a global reserve currency in this digital age. Businesses and consumers can cheaply trade any currency pairs with minimal costs.
The dollar’s status is a leftover from the past.
us is going to run out of people to trade with at this rate
Is time for the new and revamped BRICCSM to be a thing (annexing Canada and Mexico)
Hahahahahaha
That’s the biggest threat the US is actually facing.
That’s how all those big juicy trade deficits are actually funded Donnie, by the USD being the reserve currency and by the rest of the world buying US bonds. Literally what Nixon replaced Bretton Woods with.
Hahahahahahaha
