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- cross-posted to:
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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.
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.
It won’t
When we are in an inflation crisis he will just use that to take more power. However he is almost unchecked right now.