Donald Trump has openly warned BRICS nations that if they attempt to replace the US dollar in international trade, he will impose 100% tariffs. This means that if BRICS countries try to create a new currency or support any other existing currency to replace the US dollar, they will have to say goodbye to the US economy. They won’t be able to sell their goods in the US anymore. The US will cut off access to its markets and impose 100% tariffs, making goods from BRICS countries extremely expensive and entirely uncompetitive in the US market. This would lead to a drop in demand and massive export losses for BRICS nations. Therefore, if de-dollarization is pushed forward, the US won’t remain silent and will take retaliatory economic measures. Trump is deeply committed to maintaining the US dollar as the primary global reserve currency. By issuing this open warning even before taking office, he has made it clear that BRICS nations should carefully consider the risks of tariff wars, trade disruptions, and strained relations before challenging the dominance of the US dollar.
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#brics #bricscurrency #BRICS #usdollar #dedollarization #dollar
#upsc #geopolitics #december2024 #currentaffairs #Sshom
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