Donald Trump Makes LAUGHABLE Threat to BRICS Over De-Dollarization

Donald Trump Makes LAUGHABLE Threat to BRICS Over De-Dollarization

Dec. 3, 2024

THE U.S. COLLAPSE - FOLLOW THE MONEY

Due Dissidence

Donald Trump has fired a warning shot at the BRICS group of nations, which have been outspoken on confronting the dominance of the dollar in global trade. If the idea gains traction, Trump has promised to impose “100% tariffs,” cutting them off from the “wonderful US economy.” Which country will feel the heat the most?

THE THREAT

“We require a commitment from these Countries that they will neither create a new BRICS Currency nor back any other Currency to replace the mighty U.S. Dollar, or they will face 100% Tariffs and should expect to say goodbye to selling into the wonderful U.S. Economy,” Trump said in a post on Saturday on Truth Social.

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

The warning came just days after Trump, whose inauguration is set to take place on January 20, 2025, vowed to slap tariffs on Canada, Mexico, and China upon taking office. China has already been the target of his rhetoric. Trump previously threatened to impose from 60% to 100% tariffs on imports from the country – however, this burden would have to be carried by American companies and consumers that buy from China, as they would have to pay the new costs.

China was an original member of the BRICS bloc, which also initially included Brazil, Russia, India, and later South Africa, but has since expanded to include Egypt, UAE, Ethiopia, and Iran. Türkiye, Azerbaijan, and Malaysia have submitted applications to join BRICS, and several other nations have also expressed interest in joining.

Some members are eager to reduce their reliance on the US dollar, which has dominated global finance as the world’s reserve currency since after World War II, powering over 80% of international trade.

In October, Russian President Vladimir Putin advocated countering the US ability to wield the dollar as a political weapon. He appeared on the stage of this year’s BRICS Summit holding what looked like a prototype of the bloc’s own banknote. However, he stressed that BRICS’ goal is not to abandon the dollar-dominated SWIFT system completely, but rather to build an alternative.

“We are not refusing, not fighting the dollar, but if they don’t let us work with it, what can we do? We then have to look for other alternatives, which is happening,” Putin said.

In 2023, Brazilian President Luiz Inacio Lula da Silva openly questioned why global trade should revolve around the dollar. At the same time, a top Russian official hinted that BRICS nations were actively exploring the creation of their own currency – potentially rewriting the rules of international commerce.

Trump, fresh off an electoral victory fueled in part by his pledge to impose strict tariffs on foreign imports, doubled down on his tough stance by threatening the entire BRICS bloc with 100% tariffs if they proceed with their currency plans. Who’s taking the biggest risk?

Original: https://youtu.be/nIt2Hnwfqq8

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