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Trump threatens BRICS

Trump - BRICS news

Anyone looking to replace the US dollar can “wave goodbye to America,” the president-elect has declared.

The BRICS nations will be hit with 100% tariffs on their goods if they try to introduce a reserve currency to rival the dollar, US President-elect Donald Trump has warned. Trump has repeatedly threatened to use tariffs to achieve his geopolitical goals.

”The idea that the BRICS Countries are trying to move away from the Dollar while we stand by and watch is OVER,” Trump wrote on his Truth Social platform on Saturday.

Trump went on to say that he would ask the BRICS nations to promise not to create a common currency, “nor back any other currency to replace the mighty US dollar,” or they will face 100% tariffs.

”They can go find another ‘sucker!’” he continued. “There is no chance that the BRICS will replace the US Dollar in International Trade, and any Country that tries should wave goodbye to America.”

BRICS previously comprised Brazil, Russia, India, China, and South Africa, and was expanded in January to include Egypt, Iran, Ethiopia, and the United Arab Emirates. Around 30 other nations have expressed interest in joining the group of emerging economies.

Russia, which currently holds the group’s rotating presidency, floated the idea of introducing a BRICS currency in 2022. Brazilian President Luiz Inacio Lula da Silva echoed Moscow’s proposal last year, arguing that having the option of trading in another reserve currency would reduce the BRICS countries’ “vulnerability” to fluctuations in the dollar’s exchange rate.

BRICS leaders stopped short of announcing plans for such a currency at their summit in the Russian city of Kazan last month. Instead, the group pledged to set up a cross-border payment system to function alongside the Western SWIFT network, and to increase their use of local currencies in international trade.

”Cooperation within BRICS is not directed against anyone or anything – neither against the dollar nor against other currencies,” Kremlin spokesman Dmitry Peskov stated in October. “It pursues the main goal of ensuring the interests of those countries that participate in this format.”

Using local currencies to settle bilateral trade bills “helps to keep economic development free from politics,” Russian President Vladimir Putin said at the time.

Trump has vowed to use tariffs to settle US trade deficits, force offshore manufacturers to return, and achieve a range of geopolitical goals. In addition to proposing a blanket tariff of 20% on all incoming goods, Trump has threatened Canada and Mexico with additional 25% tariffs if they fail to reduce the flow of migrants and drugs into the US. Trump also declared this week that “we will be charging China an additional 10% tariff, above any additional tariffs,” until Beijing “follows through” on punishing the producers and smugglers of fentanyl, a powerful synthetic opioid.

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Source:RT News

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18 COMMENTS

  1. What a joke. They don’t need you, you need them!!!! The US’s days of telling the rest of the world what to do are coming to an end.

  2. Now he’s getting ridiculous, and everyone knows why.well see how this one goes.

    Sick of the US dollar always taking a their “bight” in exchange

  3. The US always threaten. No real cooperation and respect of partner like we see with BRICS.
    People have had enough of conflicts and wars.
    Trump is the final grave digger of the US vulture. Good riddance

  4. When is the Beast most dangerous?
    When it is mortally wounded and in its death throes while attempting to hang tenaciously to the illusion of past realities
    Trump if he survives like now is a very dangerous demagogue

    • How the US and EU confiscated Russian overseas assets is worth a mention also
      Anyone with a brain knows if this can be done to Russia they could be next on the list if they don’t jump for Uncle Sam

      • Except that Russia has started confiscating their assets on its turf. The only place the US is jumping is off a fiscal cliff…….

  5. That is why all european billionaires are protecting their fortune by sending their assets to the Emirates .
    Switzerland is not ” safe” any more and all european banks are bankrupt. A.o. the US “sanctions” with enormous fines helpt a lot. When you have ” friends” and ” allies”….

  6. I am sure it is ok to trade in silver and gold. These are currencies that truly mean the value the are.

    Small sensitive weighing at the point of transaction by both parties works for me.

    No electronic tax, no gst, no transaction bank fees, no account fees, auto inflation, world recognised currency. No nosiy parker goverment record of transation, no bank at all. Holds it value.

    What are you waiting for?? Buy very small amounts and start buying product and services from each other.

    Be your own master again.

  7. The US can take dollars out of circulation at any time, raising the value.
    Folks with large bank accounts have been warned this could happen.
    On a Friday you may have 10k, Monday morning only 1k.
    In the stock market it’s called a reverse split.

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